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Persistent link: https://www.econbiz.de/10010188174
We extend the notion of Evolutionarily Stable Strategies introduced by Maynard Smith and Price (Nature 246:15–18, <CitationRef CitationID="CR6">1973</CitationRef>) for models ruled by a single fitness matrix A, to the framework of stochastic games developed by Lloyd Shapley (Proc. Natl. Acad. Sci. USA 39:1095–1100, <CitationRef CitationID="CR13">1953</CitationRef>) where, at...</citationref></citationref>
Persistent link: https://www.econbiz.de/10011001889
In this paper we examine an extension of the fictitious play process for bimatrix games to stochastic games. We show that the fictitious play process does not necessarily converge, not even in the 2 × 2 × 2 case with a unique equilibrium in stationary strategies. Here 2 × 2 × 2...
Persistent link: https://www.econbiz.de/10010847891
In this paper we examine an extension of the fictitious play process for bimatrix games to stochastic games. We show that the fictitious play process does not necessarily converge, not even in the 2 × 2 × 2 case with a unique equilibrium in stationary strategies. Here 2 × 2 × 2...
Persistent link: https://www.econbiz.de/10010999894