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Evolutionary Foundations of Aggregate-Taking Behavior

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Author Info
Alex Possajennikov

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Abstract

I show that aggregate-taking behavior is often evolutionarily stable for finite populations in symmetric games in which payoff depends only on own strategy and an aggregate. I provide economic examples exhibiting this phenomenon.

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File URL: http://www.wiso.uni-dortmund.de/mik/de/content/forschung/DPSeries/PDF/01-10.pdf
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Paper provided by University of Dortmund, Department of Economics in its series Discussion Papers in Economics with number 01_10.

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Length: 14 pages
Date of creation: Aug 2001
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Handle: RePEc:mik:wpaper:01_10

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  1. Birgitte Sloth & Hans Jørgen Whitta-Jacobsen, 2006. "Economic Darwinism," CIE Discussion Papers 2006-01, University of Copenhagen. Department of Economics. Centre for Industrial Economics. [Downloadable!]
  2. Wolfgang Leininger, 2004. "Fending off one means fending off all:evolutionary stability in submodular games," Discussion Papers in Economics 04_03, University of Dortmund, Department of Economics. [Downloadable!]
  3. Wolfgang Leininger, 2004. "Fending off one Means Fending off all: Evolutionary Stability in Submodular Games," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  4. Burkhard C. Schipper, 2005. "The Evolutionary Stability of Optimism, Pessimism and Complete Ignorance," Bonn Econ Discussion Papers bgse35_2005, University of Bonn, Germany. [Downloadable!]
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  5. Hehenkamp, Burkhard & Leininger, Wolfgang & Possajennikov, Alex, 2001. "Evolutionary Rent-Seeking," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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