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Forward induction, evolutionary processes and behavior evolution

Author

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  • Gis, le Umbhauer

    (B.E.T.A., 38, boulevard d'Anvers, F-67070 Strasbourg Cedex, France)

Abstract

The paper deals with the driving forces behind behavior selection in both forward induction refinements and discrete evolutionary processes with mutations. Its main purpose is to analyse an important difference due to the support of the mutations. It shows that similar driving forces can allow to outweigh this difference. To this aim it constructs the limit Markov graph, a tool used to compute the probabilities in the limit distribution.

Suggested Citation

  • Gis, le Umbhauer, 1997. "Forward induction, evolutionary processes and behavior evolution," Journal of Evolutionary Economics, Springer, vol. 7(4), pages 415-433.
    • Handle: RePEc:spr:joevec:v:7:y:1997:i:4:p:415-433
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    More about this item

    Keywords

    Forward induction ; Deviation ; Discrete evolutionary processes ; Mutation ; Limit distribution;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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