Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/163009 
Autor:innen: 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
CeDEx Discussion Paper Series No. 2016-08
Verlag: 
The University of Nottingham, Centre for Decision Research and Experimental Economics (CeDEx), Nottingham
Zusammenfassung: 
In a semi-aggregative representation of a game, the payoff of a player depends on a player's own strategy and on a personalized aggregate of all players' strategies. Suppose that each player has a conjecture about the reaction of the personalized aggregate to a change in the player's own strategy. The players play an equilibrium given their conjectures, and evolution selects conjectures that lead to a higher payoff in such an equilibrium. Considering one player role, I show that for any conjectures of the other players, only conjectures that are consistent can be evolutionarily stable, where consistency means that the conjecture is, to a first approximation, correct at equilibrium. I illustrate this result in public good games and contests.
Schlagwörter: 
semi-aggregative games
conjectural variations
evolutionary stability
public good games
contests
JEL: 
C72
H41
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
543.52 kB





Publikationen in EconStor sind urheberrechtlich geschützt.