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Evolutionary dynamics in bilingual games

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  • Arigapudi, Srinivas

Abstract

In two-strategy coordination games with distinct payoff- and risk-dominant equilibria, existing results show that the inefficient risk-dominant equilibrium is uniquely selected under many evolutionary dynamics. In the above class of coordination games, we study the effect of introducing a bilingual strategy that is compatible with both of the existing strategies. An agent playing the bilingual strategy incurs an additional adoption cost but never miscoordinates with any other agent. We show that if the adoption cost of the bilingual strategy is low, then the efficient payoff-dominant equilibrium can be uniquely selected under many evolutionary dynamics.

Suggested Citation

  • Arigapudi, Srinivas, 2024. "Evolutionary dynamics in bilingual games," Journal of Economic Dynamics and Control, Elsevier, vol. 165(C).
    • Handle: RePEc:eee:dyncon:v:165:y:2024:i:c:s0165188924000903
    DOI: 10.1016/j.jedc.2024.104898
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    References listed on IDEAS

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