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Genetic Selection and Equilibrium Stability
Acta geneticae medicae et gemellologiae, 1977The problem of the equilibrium stability of a phenotypic selection process, with a single pair of autosomal alleles, has been numerically studied, on the basis of previously established reproduction differential equations.
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Rule Evolution and Equilibrium Selection
Games and Economic Behavior, 2002The paper studies rule evolution and its effect on selection between strict equilibria. If the agents cannot change rules, equilibrium selection is determined by the relative frequency of agents making investigations with two rules: the myopic best response and naive imitation.
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We study agents who are more likely to remember some experiences than others but update beliefs as if the experiences they remember are the only ones that occurred. We show that if the agent’s behavior converges, their limit strategy is a selective memory equilibrium. We illustrate how this new equilibrium concept can be used to understand the long-run
Fudenberg, Drew +7 more
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Fudenberg, Drew +7 more
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Equilibrium Selection in an Experimental Macroeconomy
Southern Economic Journal, 2007In this paper we report the results of an experiment designed to study the behavior of a laboratory macroeconomy with two stable steady states. The economy has the structure of an optimal growth model in which resources are allocated between consumption and investment over a sequence of time periods.
Lei, V., Noussair, C.N.
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Equilibrium Selection inn-Person Coordination Games [PDF]
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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1987
Selection, as we have defined it, changes allele frequencies, resulting in corresponding changes in frequencies of genotypes. Equilibrium cannot exist if allele frequencies are changing, because allele frequency changes change the frequencies of genotypes.
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Selection, as we have defined it, changes allele frequencies, resulting in corresponding changes in frequencies of genotypes. Equilibrium cannot exist if allele frequencies are changing, because allele frequency changes change the frequencies of genotypes.
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Introduction: On equilibrium selection
1989In this introductory chapter we first introduce the problem of equilibrium selection and outline the program of equilibrium selection theory (Section 1). Examples of strategic games with multiple equilibria are given in Section 2 which already indicate how to select between equilibria.
Werner Güth, Brigitte Kalkofen
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Equilibrium selection through pu-dominance [PDF]
This note introduces and discusses the concept of pu-dominance in the context of finite games in normal form. It then presents the pu-dominance criterion for equi- librium selection. The pu-dominance criterion is inspired by and closely related to the p-dominance criterion (Morris et al., 1995) but it presents some advantages. In particular, we provide
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Equilibrium selection and consistency
1993Item does not contain ...
Norde, H.W. +3 more
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