Equilibrium selection and the dynamic evolution of preferences

Abstract

A population of fully rational agents play a symmetric 2-player game in biological fitnesses, but each agent’s play is determined by his payoffs, which are free to evolve according to “survival of the fittest” pressures. An equilibrium-selection mechanism is assumed to exist, and deliver a unique outcome for any given profile of payoffs; this allows the… (More)
DOI: 10.1016/j.geb.2011.05.005
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@article{Norman2012EquilibriumSA, title={Equilibrium selection and the dynamic evolution of preferences}, author={Thomas W. L. Norman}, journal={Games and Economic Behavior}, year={2012}, volume={74}, pages={311-320} }