Stability and trembles in extensive-form games

B-Tier
Journal: Games and Economic Behavior
Year: 2014
Volume: 84
Issue: C
Pages: 132-136

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A leading solution concept in the evolutionary study of extensive-form games is Selten (1983) notion of limit ESS. This note demonstrates that a limit ESS does not imply neutral stability, and that it may be dynamically unstable (almost any small perturbation takes the population away). These problems arise due to an implicit assumption that “mutants” are arbitrarily rare relative to “trembling” incumbents. Finally, I present a novel definition that solves this issue and has appealing properties.

Technical Details

RePEc Handle
repec:eee:gamebe:v:84:y:2014:i:c:p:132-136
Journal Field
Theory
Author Count
1
Added to Database
2026-02-02