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The evolutionary stability of constant consistent conjectures
Authors:Alex Possajennikov  
Affiliation:aSchool of Economics, University of Nottingham, University Park, Nottingham NG7 2RD, Britain
Abstract:In the general context of smooth two-player games, this paper shows that there is a close connection between (constant) consistent conjectures in a given game and the evolutionary stability of these conjectures. Evolutionarily stable conjectures are consistent and consistent conjectures are the only interior candidates to be evolutionarily stable. Examples are provided to illustrate the result.
Keywords:Consistent conjectures   Evolutionary stability   Indirect evolution
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