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Article
Finite Population Dynamics and Mixed Equilibria
International Game Theory Review (2003)
  • Carlos Alós-Ferrer, University of Konstanz
Abstract

This paper examines the stability of mixed-strategy Nash equilibria of symmetric games, viewed as population profiles in dynamical systems with learning within a single, finite population. Alternative models of imitation and myopic best reply are considered and combined with different assumptions about the speed of adjustment. It is found that specific refinements of mixed Nash equilibria serve to identify focal rest points of these dynamics in general games. The relationship between both concepts is studied. In the 2 X 2 case, both imitation and myopic best reply yield strong stability results for the same type of mixed Nash equilibria.

Keywords
  • Mixed Strategy Equilibria,
  • Learning
Disciplines
Publication Date
2003
Citation Information
Carlos Alós-Ferrer. "Finite Population Dynamics and Mixed Equilibria" International Game Theory Review Vol. 5 Iss. 3 (2003)
Available at: http://works.bepress.com/alos/13/