Evolutionary stability with equilibrium entrants (Q1201140)
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scientific article; zbMATH DE number 97365
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Evolutionary stability with equilibrium entrants |
scientific article; zbMATH DE number 97365 |
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Evolutionary stability with equilibrium entrants (English)
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17 January 1993
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The strategy that upsets a potential evolutionarily stable strategy may in itself be very unstable, or may differ from the candidate strategy only in irrelevant ways. This paper develops a solution concept addressing these difficulties. We look for a set of Nash equilibria such that small groups of entrants whose members are satisfied with their entry cannot take the population out of the set. Such a set is robust to the iterated removal of weakly dominated strategies, depends only on the reduced normal form, and has the never a weak best response property. For generic two person extensive form games, such sets generate payoffs consistent with proper equilibria.
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stability
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evolutionarily stable strategy
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Nash equilibria
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