On the survival of strictly dominated strategies in large populations

  title={On the survival of strictly dominated strategies in large populations},
  author={Fr{\'e}d{\'e}ric Palomino},
This paper analyzes a model of social evolution in which (i) successful agents are imitated and (ii) each player observes payo®s realized in a ̄nite number of randomly drawn games (rather than payo®s obtained by randomly drawn players). Considering an in ̄nite random matching population, the study shows that if imitation is based on highest average payo®s realized in observed games, then, for any interior initial conditions, a pure strategy strictly dominated by a pure strategy may survive in… CONTINUE READING

From This Paper

Topics from this paper.
2 Citations
19 References
Similar Papers


Publications referenced by this paper.
Showing 1-10 of 19 references

Which one should I imitate

  • K. Schlag
  • Journal of Mathematical Economics,
  • 1999
Highly Influential
4 Excerpts

1997a): \Learning through reinforcement and the Replicator Dynamics,

  • T. BÄorges, R. Sarin
  • Journal of Economic Theory
  • 1997
Highly Influential
3 Excerpts

1997b): "Naive reinforcement learning with endogenous aspirations", mimeo, University College, London

  • T. BÄorges, R. Sarin
  • 1997
2 Excerpts

Noise trading in small markets

  • F. Palomino
  • Journal of Finance,
  • 1996
2 Excerpts

1995):"Experimentation, imitation and evolutionary dynamics

  • J. BjÄornerstedt
  • 1995
1 Excerpt

Similar Papers

Loading similar papers…