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 |
本文献已被 ScienceDirect 等数据库收录! |