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Title:On the dynamic foundation of evolutionary stability in continuous models PDF Logo
Authors:Oechssler, Jörg
Riedel, Frank
Issue Date:2000
Series/Report no.:Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2000,73
Abstract:We show in this paper that none of the existing static evolutionary stability concepts (ESS, CSS, uninvadability, NIS) is sufficient to guarantee dynamic stability in the weak topology with respect to standard evolutionary dynamics if the strategy space is continuous. We propose a new concept, evolutionary robustness, which is stronger than the previous concepts. Evolutionary robustness ensures dynamic stability for replicator dynamics in doubly symmetric games.
Subjects:replicator dynamics
evolutionary stability
ESS
CSS
JEL:C70
C72
Persistent Identifier of the first edition:urn:nbn:de:kobv:11-10047994
Document Type:Working Paper
Appears in Collections:Discussion Papers, SFB 373, HU Berlin

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