Article ID Journal Published Year Pages File Type
5071989 Games and Economic Behavior 2012 10 Pages PDF
Abstract
► Model of the evolution of preferences under the replicator dynamics. ► Efficient strict Nash outcomes are stable. ► The efficient outcome of games with common interests is stable in a strong sense. ► Efficient mixed equilibria of doubly symmetric games are stable in a weaker sense. ► Stable outcomes are efficient under certain equilibrium-selection mechanisms.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Equilibrium selection and the dynamic evolution of preferences
Authors
,