Forward induction, evolutionary processes and behavior evolution

The paper deals with the driving forces behind behavior selection in both forward induction refinements and discrete evolutionary processes with mutations. Its main purpose is to analyse an important difference due to the support of the mutations. It shows that similar driving forces can allow to outweigh this difference. To this aim it constructs the limit Markov graph, a tool used to compute the probabilities in the limit distribution.

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Year of publication:	1997-12-12
Authors:	Gis, le Umbhauer
Published in:	Journal of Evolutionary Economics. - Springer. - Vol. 7.1997, 4, p. 415-433
Publisher:	Springer
Subject:	Forward induction \| Deviation \| Discrete evolutionary processes \| Mutation \| Limit distribution

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Extent:	application/pdf application/postscript
Type of publication:	Article
Classification:	C70 - Game Theory and Bargaining Theory. General ; C72 - Noncooperative Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005169519