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Evolutionary dynamics and backward induction |
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| Authors: | Sergiu Hart |
| Affiliation: | Center for Rationality and Interactive Decision Theory, Department of Economics, Department of Mathematics, The Hebrew University of Jerusalem, 91904, Jerusalem, Israel |
| Abstract: | The backward induction (or subgame-perfect) equilibrium of a perfect information game is shown to be the unique evolutionarily stable outcome for dynamic models consisting of selection and mutation, when the mutation rate is low and the populations are large. |
| Keywords: | Games in extensive form Games of perfect information Backward induction equilibrium Subgame-perfect equilibrium Evolutionary dynamics Evolutionary stability Mutation Selection Population games |
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