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Evolutionary Selection against Iteratively Weakly Dominated Strategies
Södertörn University, School of Social Sciences.ORCID iD: 0000-0003-0579-0868
Lund University.
2017 (English)Report (Other academic)
Abstract [en]

This paper provides sufficient conditions under which convex monotonic evolutionary dynamics (a class of imitative dynamics that includes the replicator dynamic) select against strategies that do not survive iterated elimination of weakly dominated strategies. We apply these conditions to Bertrand duopolies, first-price auctions, finitely repeated Prisoner's Dilemmas, and the p-Beauty Contests. Our conditions also imply evolutionary selection against all iteratively strictly dominated strategies.

Place, publisher, year, edition, pages
Lund: Department of Economics, Lund University , 2017.
Series
Working Paper, ISSN 1101-8062 ; 2017:18
Keywords [en]
Iterated elimination of weakly dominated strategies; Iterated admissibility; Payoff monotonicity; Convex monotonicity; Evolutionary dynamics; Replicator dynamic
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:sh:diva-38164OAI: oai:DiVA.org:sh-38164DiVA, id: diva2:1317267
Available from: 2019-05-22 Created: 2019-05-22 Last updated: 2019-05-22Bibliographically approved

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Bernergård, Axel

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • harvard-anglia-ruskin-university
  • apa-old-doi-prefix.csl
  • Other style
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Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
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Output format
  • html
  • text
  • asciidoc
  • rtf