English, Article, Journal or magazine article edition: Two-Speed Evolution of Strategies and Preferences in Symmetric Games Possajennikov, Alex

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Bookmark: http://trove.nla.gov.au/version/43289
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Two-Speed Evolution of Strategies and Preferences in Symmetric Games
Author
  • Possajennikov, Alex
Physical Description
  • preprint
Notes
  • Agenst in a large population are randomly matched to play a material payoff game. They may have preferences that are different from the material payoffs. Agents learn equilibrium strategies according to their preferences before evolution changes the preference distribution in the population according to fitness. When agents know the preferences of the opponent in a match, only efficient symmetric strategy profiles of the material payoff game can be stable. When agents do not know the preferences of the opponent, only Nash equilibria of the material payoff game can be stable. For 2x2 symmetric games I characterize preferences that are stable.
  • RePEc:xrs:sfbmaa:02-03
Language
  • English
Contributed by
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