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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.
2019 (English)In: Games and Economic Behavior, ISSN 0899-8256, E-ISSN 1090-2473, Vol. 117, p. 82-97Article in journal (Refereed) Published
Abstract [en]

This paper provides sufficient conditions under which regular payoff monotonic evolutionary dynamics (a class of imitative dynamics that includes the replicator dynamic) select against strategies that do not survive a sequence of iterated elimination of weakly dominated strategies. We apply these conditions to Bertrand duopolies and first-price auctions. Our conditions also imply evolutionary selection against iteratively strictly dominated strategies.

Place, publisher, year, edition, pages
Academic Press, 2019. Vol. 117, p. 82-97
Keywords [en]
Convex monotonicity, Evolutionary dynamics, Iterated admissibility, Iterated elimination of weakly dominated strategies, Payoff monotonicity, Replicator dynamic
National Category
Economics
Identifiers
URN: urn:nbn:se:sh:diva-38664DOI: 10.1016/j.geb.2019.05.009Scopus ID: 2-s2.0-85068076580OAI: oai:DiVA.org:sh-38664DiVA, id: diva2:1340645
Available from: 2019-08-06 Created: 2019-08-06 Last updated: 2019-08-06Bibliographically approved

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Bernergård, Axel

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