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Consistent conjectures and the evolutionary stability of other-regarding preferences

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  • Leppänen, Ilkka

Abstract

In a model of evolution in a large but finite population, players in two-player games adopt other-regarding preferences over their opponents’ material payoffs. We show that when the players have consistent conjectures the evolutionarily stable other-regarding preference approaches the self-regarding limit, i.e. zero, as the population size increases. When players have zero conjectures, the evolutionarily stable other-regarding preference depends on the complementarity parameter that defines the contextual specification of the game.

Suggested Citation

  • Leppänen, Ilkka, 2016. "Consistent conjectures and the evolutionary stability of other-regarding preferences," Economics Letters, Elsevier, vol. 142(C), pages 53-55.
    • Handle: RePEc:eee:ecolet:v:142:y:2016:i:c:p:53-55
    DOI: 10.1016/j.econlet.2016.03.004
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    References listed on IDEAS

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