Evolutionary Stability for Large Populations
It has been shown (Hart ) that the backward induction (or subgame-perfect) equilibrium of a perfect information game is the unique stable outcome for dynamic models consisting of selection and mutation, when the mutation rate is low and the populations are large, under the assumption that the expected number of mutations per generation is bounded away from zero. Here it is shown that one can dispense with this last condition. In particular, it follows that the backward induction equilibrium is evolutionarily stable for large populations.
|Date of creation:||Apr 2003|
|Date of revision:|
|Publication status:||Published in Mathematics of Operation Research, 2006, vol. 31, pp. 369-380.|
|Contact details of provider:|| Postal: |
Web page: http://www.ratio.huji.ac.il/
More information through EDIRC
References listed on IDEAS
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.:
- G. Noldeke & L. Samuelson, 2010.
"An Evolutionary Analysis of Backward and Forward Induction,"
Levine's Working Paper Archive
538, David K. Levine.
- Noldeke Georg & Samuelson Larry, 1993. "An Evolutionary Analysis of Backward and Forward Induction," Games and Economic Behavior, Elsevier, vol. 5(3), pages 425-454, July.
- Noeldecke,Georg & Samuelson,Larry, . "An evolutionary analysis of backward and forward induction," Discussion Paper Serie B 228, University of Bonn, Germany.
- Hart, Sergiu, 2002.
"Evolutionary dynamics and backward induction,"
Games and Economic Behavior,
Elsevier, vol. 41(2), pages 227-264, November.
When requesting a correction, please mention this item's handle: RePEc:huj:dispap:dp312. 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: (Ilan Nehama)
If references are entirely missing, you can add them using this form.