Two-Speed Evolution of Strategies and Preferences In Symmetric Games
Agents in a large population are randomly matched to play a certain game, payoffs in which represent fitness. Agents may have preferences that are different from fitness. They learn strategies according to their preferences, and evolution changes the preference distribution in the population according to fitness. When agents know the preferences of the opponent in a match, only efficient symmetric strategy profiles of the fitness game can be stable. When agents do not know the preferences of the opponent, only Nash equilibria of the fitness game can be stable. For 2 Ã— 2 symmetric games I characterize preferences that are stable. Copyright Springer 2004
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hurkens Sjaak, 1995. "Learning by Forgetful Players," Games and Economic Behavior, Elsevier, vol. 11(2), pages 304-329, November.
- Basu, K. & Weibull, J.W., 1990.
"Strategy Subsets Closed Under Rational Behaviour,"
479, Stockholm - International Economic Studies.
- Possajennikov, Alex, 2002. "Cooperative Prisoners and Aggressive Chickens: Evolution of Strategies and Preferences in 2x2 Games," Sonderforschungsbereich 504 Publications 02-04, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Dekel, Eddie & Ely, Jeffrey & Yilankaya, Okan, 2004. "Evolution of Preferences," Microeconomics.ca working papers dekel-04-08-13-01-21-07, Vancouver School of Economics, revised 09 Jun 2006.
- Swinkels, J., 1991.
"Evolutionary Stability with Equilibrium Entrants,"
9, Stanford - Institute for Thoretical Economics.
- David K Levine, 1997.
"Modeling Altruism and Spitefulness in Experiments,"
Levine's Working Paper Archive
2047, David K. Levine.
- Ok, Efe A. & Vega-Redondo, Fernando, 2001. "On the Evolution of Individualistic Preferences: An Incomplete Information Scenario," Journal of Economic Theory, Elsevier, vol. 97(2), pages 231-254, April.
- Matsui, Akihiko, 1992. "Best response dynamics and socially stable strategies," Journal of Economic Theory, Elsevier, vol. 57(2), pages 343-362, August.
- Steffen Huck & Joerg Oechssler, 1995.
"The Indirect Evolutionary Approach to Explaining Fair Allocations,"
Game Theory and Information
9507001, EconWPA, revised 27 Aug 1998.
- Huck, Steffen & Oechssler, Jorg, 1999. "The Indirect Evolutionary Approach to Explaining Fair Allocations," Games and Economic Behavior, Elsevier, vol. 28(1), pages 13-24, July.
- S. Huck & J. Oechssler, 1996. "The Indirect Evolutionary Approach To Explaining Fair Allocations," SFB 373 Discussion Papers 1996,13, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Bolle, Friedel, 2000. "Is altruism evolutionarily stable? And envy and malevolence?: Remarks on Bester and Guth," Journal of Economic Behavior & Organization, Elsevier, vol. 42(1), pages 131-133, May.
- Kliemt, Hartmut, 2001. "Rationality and Reality," Kyklos, Wiley Blackwell, vol. 54(2-3), pages 309-16.
- Werner Güth & Hartmut Kliemt & Bezalel Peleg, 2000.
"Co-evolution of Preferences and Information in Simple Games of Trust,"
German Economic Review,
Verein für Socialpolitik, vol. 1(1), pages 83-110, 02.
- Güth, Werner & Kliemt, Hartmut & Peleg, Bezalel, 1998. "Co-evolution of preferences and information in simple games of trust," SFB 373 Discussion Papers 1998,72, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Possajennikov, Alex, 2000. "On the evolutionary stability of altruistic and spiteful preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 42(1), pages 125-129, May.
- Bester, H. & Güth, W., 1994.
"Is altruism evolutionarily stable ?,"
1994-103, Tilburg University, Center for Economic Research.
- William H. Sandholm, 2001. "Preference Evolution, Two-Speed Dynamics, and Rapid Social Change," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(3), pages 637-679, July.
- Frank, Robert H, 1987. "If Homo Economicus Could Choose His Own Utility Function, Would He Want One with a Conscience?," American Economic Review, American Economic Association, vol. 77(4), pages 593-604, September.
When requesting a correction, please mention this item's handle: RePEc:kap:theord:v:57:y:2004:i:3:p:227-263. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.