Dai, Darong and Shen, Kunrong (2012): A New Stationary Game Equilibrium Induced by Stochastic Group Evolution and Rational Individual Choice.

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Abstract
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 
Language:  English 
Keywords:  Stochastic replicator dynamics; Rational choice; Normalform game; 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 
Item ID:  40586 
Depositing User:  darong dai 
Date Deposited:  09 Aug 2012 09:17 
Last Modified:  27 Sep 2019 16:29 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/40586 