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Evolutionary Stability of Constant Consistent Conjectures

  • Alex Possajennikov

    (University of Nottingham)

The paper shows that there is a close connection between (constant) consistent conjectures in a given game and evolutionary stability of conjectures. Evolutionarily stable conjectures are consistent and consistent conjectures are the only interior candidates for evolutionary stability.

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File URL: http://econwpa.repec.org/eps/game/papers/0405/0405009.pdf
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Paper provided by EconWPA in its series Game Theory and Information with number 0405009.

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Length: 12 pages
Date of creation: 17 May 2004
Date of revision:
Handle: RePEc:wpa:wuwpga:0405009
Note: Type of Document - pdf; pages: 12
Contact details of provider: Web page: http://econwpa.repec.org

References listed on IDEAS
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  1. Boyer, M. & Moreaux, M., 1982. "Consistent Versus Non-Consistent Conjectures in Duopoly Theory: Some Examples," Cahiers de recherche 8206, Universite de Montreal, Departement de sciences economiques.
  2. Costrell, Robert M., 1991. "Immiserizing growth with semi-public goods under consistent conjectures," Journal of Public Economics, Elsevier, vol. 45(3), pages 383-389, August.
  3. Bresnahan, Timothy F, 1981. "Duopoly Models with Consistent Conjectures," American Economic Review, American Economic Association, vol. 71(5), pages 934-45, December.
  4. Laitner, John, 1980. ""Rational" Duopoly Equilibria," The Quarterly Journal of Economics, MIT Press, vol. 95(4), pages 641-62, December.
  5. Dixon, Huw D. & Somma, Ernesto, 2003. "The evolution of consistent conjectures," Journal of Economic Behavior & Organization, Elsevier, vol. 51(4), pages 523-536, August.
  6. Müller, W. & Normann, H.T., 2003. "Conjectural Variations and Evolutionary Stability : A New Rationale for Consistency," Discussion Paper 2003-44, Tilburg University, Center for Economic Research.
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