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The evolutionary stability of constant consistent conjectures
[journal article]
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... view more
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.... view less
Classification
Methods and Techniques of Data Collection and Data Analysis, Statistical Methods, Computer Methods
Free Keywords
Consistent conjectures; Evolutionary stability; Indirect evolution
Document language
English
Publication Year
2009
Page/Pages
p. 21-29
Journal
Journal of Economic Behavior & Organization, 72 (2009) 1
DOI
https://doi.org/10.1016/j.jebo.2009.05.013
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)