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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.

Suggested Citation

  • Alex Possajennikov, 2004. "Evolutionary Stability of Constant Consistent Conjectures," Game Theory and Information 0405009, EconWPA.
  • Handle: RePEc:wpa:wuwpga:0405009
    Note: Type of Document - pdf; pages: 12

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    References listed on IDEAS

    1. 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.
    2. John Laitner, 1980. ""Rational" Duopoly Equilibria," The Quarterly Journal of Economics, Oxford University Press, vol. 95(4), pages 641-662.
    3. Boyer, Marcel & Moreaux, Michel, 1983. "Consistent versus Non-Consistent Conjectures in Doupoly Theory: Some Examples," Journal of Industrial Economics, Wiley Blackwell, vol. 32(1), pages 97-110, September.
    4. Dixon, Huw D. & Somma, Ernesto, 2003. "The evolution of consistent conjectures," Journal of Economic Behavior & Organization, Elsevier, vol. 51(4), pages 523-536, August.
    5. Bresnahan, Timothy F, 1981. "Duopoly Models with Consistent Conjectures," American Economic Review, American Economic Association, vol. 71(5), pages 934-945, December.
    6. 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.
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    More about this item


    consistent conjectures; evolutionarily stable strategy; indirect evolution;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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