Communication, complexity, and evolutionary stability
In games with costless preplay communication, some strategies are more complex than others in the sense that they induce a finer partition of the set of states of the world. This paper shows that if the concept of evolutionary stability, which is argued to be a natural solution concept for communication games, is modified to take lexicographic complexity preferences into account, then for a class of games of common interest only communication strategies that induce payoff-dominant Nash outcomes of the underlying game are stable.
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Volume (Year): 27 (1998)
Issue (Month): 4 ()
|Note:||Received April 1998/Final version September 1998|
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