Evolutionary Selection against Iteratively Weakly Dominated Strategies
Research output: Contribution to journal › Article
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.
|Research areas and keywords||
Subject classification (UKÄ) – MANDATORY
|Journal||Games and Economic Behavior|
|Early online date||2019|
|Publication status||Published - 2019|