Evolutionary Stability of Constant Consistent Conjectures
AbstractThe paper shows that there is a close connection between (constant) consistent conjectures in a given game and evolutionary stability of conjectures. Evolutionarily stable conjectures are consistent and consistent conjectures are the only interior candidates for evolutionary stability.
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Bibliographic InfoPaper provided by EconWPA in its series Game Theory and Information with number 0405009.
Length: 12 pages
Date of creation: 17 May 2004
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consistent conjectures; evolutionarily stable strategy; indirect evolution;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
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- Müller, W. & Normann, H.T., 2005.
"Conjectural variations and evolutionary stability: A new rationale for consistency,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-171915, Tilburg University.
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01/16, Department of Economics, University of York.
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