Persistent ideologies in an evolutionary setting
We analyse finite two player games in which agents maximize given arbitrary private payoffs which we call ideologies. We define an equilibrium concept and prove existence. Based on this setup, a monotone evolutionary dynamic governs the distribution of ideologies within the population. For any finite 2 player normal form game we show that there is an open set of ideologies being not equivalent to the objective payoffs that is not selected against by evolutionary monotonic dynamics. If the game has a strict equilibrium set, we show stability of non-equivalent ideologies. We illustrate these results for generic 2 Ã— 2-games.
|Date of creation:||15 Aug 2011|
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- Oechssler, Joerg & Frank Riedel, 1999.
"Evolutionary Dynamics on Infinite Strategy Spaces,"
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606, University of Bonn, Germany.
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1415, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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11-8-2, Pennsylvania State - Department of Economics.
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