Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202542
Authors: 
Milchtaich, Igal
Year of Publication: 
2017
Series/Report no.: 
Working Paper No. 2017-07
Abstract: 
Static stability in strategic games differs from dynamic stability in only considering the players' incentives to change their strategies. It does not rely on any assumptions about the players' reactions to these incentives and it is thus independent of the law of motion (e.g., whether players move simultaneously or sequentially). This paper presents a general notion of static stability in symmetric N-player games and population games, of which evolutionarily stable strategy (ESS) and continuously stable strategy (CSS) are essentially special cases. Unlike them, the proposed stability concept does not depend on the existence of special structures in the game such as multilinear payoff functions or unidimensional strategy spaces
Subjects: 
Static stability
evolutionarily stable strategy
continuously stable strategy
risk dominance
potential games
JEL: 
C72
Document Type: 
Working Paper

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