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Evolutionary Stability of Constant Consistent Conjectures

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Author Info

  • Alex Possajennikov

    (University of Nottingham)

Abstract

The 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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File URL: http://128.118.178.162/eps/game/papers/0405/0405009.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Game Theory and Information with number 0405009.

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Length: 12 pages
Date of creation: 17 May 2004
Date of revision:
Handle: RePEc:wpa:wuwpga:0405009

Note: Type of Document - pdf; pages: 12
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Web page: http://128.118.178.162

Related research

Keywords: consistent conjectures; evolutionarily stable strategy; indirect evolution;

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References

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  1. Bresnahan, Timothy F, 1981. "Duopoly Models with Consistent Conjectures," American Economic Review, American Economic Association, vol. 71(5), pages 934-45, December.
  2. 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.
  3. BOYER, Marcel & MOREAUX, Michel, . "Consistent versus non-consistent conjectures in duopoly theory: some examples," CORE Discussion Papers RP -544, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. Huw D Dixon & Ernesto Somma, . "The Evolution of Consistent Conjectures," Discussion Papers 01/16, Department of Economics, University of York.
  5. Costrell, Robert M., 1991. "Immiserizing growth with semi-public goods under consistent conjectures," Journal of Public Economics, Elsevier, vol. 45(3), pages 383-389, August.
  6. Laitner, John, 1980. ""Rational" Duopoly Equilibria," The Quarterly Journal of Economics, MIT Press, vol. 95(4), pages 641-62, December.
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