Communication, complexity, and evolutionary stability
AbstractIn games with costless preplay communication, some strategies are more complex than others in the sense that they induce a finer partition of the set of states of the world. This paper shows that if the concept of evolutionary stability, which is argued to be a natural solution concept for communication games, is modified to take lexicographic complexity preferences into account, then for a class of games of common interest only communication strategies that induce payoff-dominant Nash outcomes of the underlying game are stable.
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Bibliographic InfoArticle provided by Springer in its journal International Journal of Game Theory.
Volume (Year): 27 (1998)
Issue (Month): 4 ()
Note: Received April 1998/Final version September 1998
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Other versions of this item:
- Warneryd, K., 1993. "Communication, Complexity, and Evolutionary Stability," Discussion Paper 1993-13, Tilburg University, Center for Economic Research.
- Warneryd, K., 1993. "Communication, Complexity, and Evolutionary Stability," Papers 9313, Tilburg - Center for Economic Research.
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