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A note on “Evolution of Preferences”

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  • Pardo, Oliver

Abstract

A surprising result in Dekel et al. (2007) states that strict Nash equilibria might cease to be evolutionary stable when agents are able to observe a signal that fully reveals the opponent’s preferences, even if the frequency of the signal is very low. I show that when the signal a player receives on her opponent’s preferences is almost uninformative, all strict Nash equilibria are evolutionary stable, no matter the frequency of the signal.

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  • Pardo, Oliver, 2017. "A note on “Evolution of Preferences”," Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 129-134.
    • Handle: RePEc:eee:mateco:v:71:y:2017:i:c:p:129-134
    DOI: 10.1016/j.jmateco.2017.05.005
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    3. Heller, Yuval & Mohlin, Erik, 2019. "Coevolution of deception and preferences: Darwin and Nash meet Machiavelli," Games and Economic Behavior, Elsevier, vol. 113(C), pages 223-247.
    4. Matsui, Akihiko, 1989. "Information leakage forces cooperation," Games and Economic Behavior, Elsevier, vol. 1(1), pages 94-115, March.
    5. Robson, A.J., 1989. "Efficiency In Evolutionary Games: Darwin, Nash And Secret Handshake," Papers 89-22, Michigan - Center for Research on Economic & Social Theory.
    6. Eddie Dekel & Jeffrey C. Ely & Okan Yilankaya, 2007. "Evolution of Preferences -super-1," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(3), pages 685-704.
    7. Ellison, Glenn, 1993. "Learning, Local Interaction, and Coordination," Econometrica, Econometric Society, vol. 61(5), pages 1047-1071, September.
    8. Astrid Gamba, 2011. "On the Evolution of Preferences," Jena Economics Research Papers 2011-032, Friedrich-Schiller-University Jena.
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