Evolutionary Dynamics for Large Populations in Games with Multiple Backward Induction Equilibria

Authors: 
Tomer Wexler
Abstract: 

This work follows "Evolutionary dynamics and backward induction" (Hart [2000]) in the study of dynamic models consisting of selection and mutation, when the mutation rate is low and the populations are large. Under the assumption that there is a single backward induction (or subgame perfect) equilibrium of a perfect information game, Hart [2000] proved that this point is the only stable state. In this work, we examine the case where there are multiple backward induction equilibria.

Date: 
September, 2005
Published in: 
Number: 
402