Dai, Darong and Shen, Kunrong (2012): A new stationary game equilibrium induced by stochastic group evolution and rational Individual choice.
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In the present paper, a new approach to equilibrium selection for very general normal form games has been constructed by introducing stochastic optimal stopping theory into classical evolutionary game theory. That is, the new game equilibrium is induced by both stochastic group evolution and decentralized rational individual choice. Moreover, stability of the game equilibrium is confirmed from both time and space dimensions.
|Item Type:||MPRA Paper|
|Original Title:||A new stationary game equilibrium induced by stochastic group evolution and rational Individual choice|
|English Title:||A New Stationary Game Equilibrium Induced by Stochastic Group Evolution and Rational Individual Choice|
|Keywords:||Stochastic replicator dynamics; Rational choice; Normal-form game equilibrium; Stability|
|Subjects:||C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C70 - General
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62 - Existence and Stability Conditions of Equilibrium
|Depositing User:||darong dai|
|Date Deposited:||18. Jul 2012 20:45|
|Last Modified:||22. Oct 2015 14:00|
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