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The replicator dynamics does not lead to correlated equilibria

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  • Viossat, Yannick

Abstract

It is shown that, under the replicator dynamics, all strategies played in correlated equilibrium may be eliminated, so that only strategies with zero marginal probability in all correlated equilibria survive. This occurs in particular in a family of 4×4 games built by adding a strategy to a Rock-Paper-Scissors game.
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Suggested Citation

  • Viossat, Yannick, 2007. "The replicator dynamics does not lead to correlated equilibria," Games and Economic Behavior, Elsevier, vol. 59(2), pages 397-407, May.
  • Handle: RePEc:eee:gamebe:v:59:y:2007:i:2:p:397-407
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    References listed on IDEAS

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    1. Cripps, Martin, 1991. "Correlated equilibria and evolutionary stability," Journal of Economic Theory, Elsevier, vol. 55(2), pages 428-434, December.
    2. Sergiu Hart, 2013. "Adaptive Heuristics," World Scientific Book Chapters,in: Simple Adaptive Strategies From Regret-Matching to Uncoupled Dynamics, chapter 11, pages 253-287 World Scientific Publishing Co. Pte. Ltd..
    3. Hofbauer, Josef & Weibull, Jorgen W., 1996. "Evolutionary Selection against Dominated Strategies," Journal of Economic Theory, Elsevier, vol. 71(2), pages 558-573, November.
    4. Hart, Sergiu & Mas-Colell, Andreu, 2001. "A General Class of Adaptive Strategies," Journal of Economic Theory, Elsevier, vol. 98(1), pages 26-54, May.
    5. Gaunersdorfer Andrea & Hofbauer Josef, 1995. "Fictitious Play, Shapley Polygons, and the Replicator Equation," Games and Economic Behavior, Elsevier, vol. 11(2), pages 279-303, November.
    6. Aumann, Robert J., 1974. "Subjectivity and correlation in randomized strategies," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 67-96, March.
    7. Young, H. Peyton, 2004. "Strategic Learning and its Limits," OUP Catalogue, Oxford University Press, number 9780199269181.
    8. Sergiu Hart & Andreu Mas-Colell, 2003. "Uncoupled Dynamics Do Not Lead to Nash Equilibrium," American Economic Review, American Economic Association, vol. 93(5), pages 1830-1836, December.
    9. Dekel, Eddie & Scotchmer, Suzanne, 1992. "On the evolution of optimizing behavior," Journal of Economic Theory, Elsevier, vol. 57(2), pages 392-406, August.
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    Citations

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    Cited by:

    1. Rene Saran & Roberto Serrano, 2012. "Regret Matching with Finite Memory," Dynamic Games and Applications, Springer, vol. 2(1), pages 160-175, March.
    2. Josef Hofbauer & Sylvain Sorin & Yannick Viossat, 2009. "Time Average Replicator and Best-Reply Dynamics," Mathematics of Operations Research, INFORMS, vol. 34(2), pages 263-269, May.
    3. Viossat, Yannick, 2008. "Evolutionary dynamics may eliminate all strategies used in correlated equilibrium," Mathematical Social Sciences, Elsevier, vol. 56(1), pages 27-43, July.
    4. Benaïm, Michel & Hofbauer, Josef & Hopkins, Ed, 2009. "Learning in games with unstable equilibria," Journal of Economic Theory, Elsevier, vol. 144(4), pages 1694-1709, July.
    5. Yannick Viossat, 2011. "Deterministic monotone dynamics and dominated strategies," Working Papers hal-00636620, HAL.
    6. Yannick Viossat, 2012. "Game Dynamics and Nash Equilibria," Working Papers hal-00756096, HAL.
    7. Yannick Viossat, 2015. "Evolutionary dynamics and dominated strategies," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(1), pages 91-113, April.
    8. Yannick Viossat, 2014. "Game Dynamics and Nash Equilibria," Post-Print hal-00756096, HAL.
    9. Lars Koch, 2008. "Evolution and Correlated Equilibrium," Bonn Econ Discussion Papers bgse14_2008, University of Bonn, Germany.
    10. Fabrizio Germano, 2007. "Stochastic Evolution of Rules for Playing Finite Normal Form Games," Theory and Decision, Springer, vol. 62(4), pages 311-333, May.

    More about this item

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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