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Evolutionary Dynamics and Backward Induction

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  • Sergiu Hart

    (The Hebrew University of Jerusalem)

Abstract

The backward induction (or subgame-perfect) equilibrium of a perfect information game is shown to be the unique evolutionarily stable outcome for dynamic models consisting of selection and mutation, when the mutation rate is low and the populations are large.

Suggested Citation

  • Sergiu Hart, 1999. "Evolutionary Dynamics and Backward Induction," Game Theory and Information 9905002, University Library of Munich, Germany, revised 23 Mar 2000.
    • Handle: RePEc:wpa:wuwpga:9905002
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    games in extensive form; games of perfect information; backward induction equilibrium; subgame-perfect equilibrium; evolutionary dynamics; evolutionary stability; mutation; selection; population games;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling

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