Heller, Yuval (2013): Language, Meaning, and Games: A Model of Communication, Coordination, and Evolution: Comment. Forthcoming in: American Economic Review No. forthcoming
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Abstract
Demichelis and Weibull (2008 AER) show that adding lexicographic lying costs to coordination games with cheap talk yields a sharp prediction: only the efficient outcome is evolutionarily stable. I show that this result is caused by the discontinuity of preferences rather than by small lying costs per se. Finally, I discuss why discontinuity may not be an appealing assumption in evolutionary models.
Item Type: | MPRA Paper |
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Original Title: | Language, Meaning, and Games: A Model of Communication, Coordination, and Evolution: Comment |
Language: | English |
Keywords: | Lexicographic preferences, evolutionary stability, cheap talk. |
Subjects: | C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C73 - Stochastic and Dynamic Games ; Evolutionary Games ; Repeated Games |
Item ID: | 53386 |
Depositing User: | Yuval Heller |
Date Deposited: | 04 Feb 2014 17:44 |
Last Modified: | 10 Oct 2019 13:39 |
References: | Banerjee, Abhijit, & Weibull, Jörgen W. 2000. Neutrally stable outcomes in cheap-talk coordination games. Games and Economic Behavior, 32(1), 1–24. Binmore, K.G., & Samuelson, L. 1992. Evolutionary stability in repeated games played by finite automata. Journal of economic theory, 57(2), 278–305. Bomze, Immanuel M, & Weibull, Jörgen W. 1995. Does neutral stability imply Lyapunov stability? Games and Economic Behavior, 11(2), 173–192. Cressman, Ross. 1997. Local stability of smooth selection dynamics for normal form games. Mathematical Social Sciences, 34(1), 1–19. Demichelis, Stefano. 2012. Evolution towards efficient coordination in repeated games (preliminary version). http://mpra.ub.uni–muenchen.de/id/eprint/39311. Demichelis, Stefano, & Weibull, Jörgen W. 2008. Language, meaning, and games: A model of communication, coordination, and evolution. The American Economic Review, 1292–1311. Kim, Yong-Gwan, & Sobel, Joel. 1995. An evolutionary approach to pre-play communication. Econometrica, 1181–1193. Maynard Smith, J. 1982. Evolution and the theory of games. Cambridge University Press. Maynard-Smith, J., & Price, G.R. 1973. The Logic of Animal Conflict. Nature, 246, 15. Samuelson, Larry, & Swinkels, Jeroen M. 2003. Evolutionary stability and lexicographic preferences. Games and Economic Behavior, 44(2), 332–342. Sandholm, William H. 2010. Local stability under evolutionary game dynamics. Theoretical Economics, 5(1), 27–50. Schlag, Karl H. 1993. Cheap talk and evolutionary dynamics. Univ. of Bonn Disc. Paper B-242. Taylor, P.D., & Jonker, L.B. 1978. Evolutionary stable strategies and game dynamics. Mathematical Biosciences, 40(1), 145–156. Thomas, Bernhard. 1985. On evolutionarily stable sets. J. of Math. Biology, 22(1), 105–115. Volij, Oscar. 2002. In defense of DEFECT. Games and Economic Behavior, 39(2), 309–321. Weibull, Jörgen W. 1995. Evolutionary game theory. The MIT press. Young, H Peyton. 1993. The evolution of conventions. Econometrica, 57–84. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/53386 |
Available Versions of this Item
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Language, Meaning, and Games: Comment. (deposited 29 Aug 2013 14:31)
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Language, Meaning, and Games: Comment. (deposited 03 Sep 2013 08:53)
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Language, Meaning, and Games: A Model of Communication, Coordination, and Evolution: Comment. (deposited 18 Dec 2013 06:08)
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Language, Meaning, and Games: A Model of Communication, Coordination, and Evolution: Comment. (deposited 13 Jan 2014 13:52)
- Language, Meaning, and Games: A Model of Communication, Coordination, and Evolution: Comment. (deposited 04 Feb 2014 17:44) [Currently Displayed]
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Language, Meaning, and Games: A Model of Communication, Coordination, and Evolution: Comment. (deposited 13 Jan 2014 13:52)
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Language, Meaning, and Games: A Model of Communication, Coordination, and Evolution: Comment. (deposited 18 Dec 2013 06:08)
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Language, Meaning, and Games: Comment. (deposited 03 Sep 2013 08:53)