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Stochastically perturbed payoff observations in an evolutionary game

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  • Li, Li
  • Xu, Zichun
  • Wang, Hui

Abstract

Allowing there to be imperfect information with respect to payoffs is shown to affect the equilibria of an evolutionary game. For the coordination game, we find that, the replicator dynamic with Brownian motion need not result in coordination.

Suggested Citation

  • Li, Li & Xu, Zichun & Wang, Hui, 2020. "Stochastically perturbed payoff observations in an evolutionary game," Economics Letters, Elsevier, vol. 192(C).
    • Handle: RePEc:eee:ecolet:v:192:y:2020:i:c:s0165176520301294
    DOI: 10.1016/j.econlet.2020.109167
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    References listed on IDEAS

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    1. Carlsson, Hans & van Damme, Eric, 1993. "Global Games and Equilibrium Selection," Econometrica, Econometric Society, vol. 61(5), pages 989-1018, September.
    2. Bravo, Mario & Mertikopoulos, Panayotis, 2017. "On the robustness of learning in games with stochastically perturbed payoff observations," Games and Economic Behavior, Elsevier, vol. 103(C), pages 41-66.
    3. Fudenberg, D. & Harris, C., 1992. "Evolutionary dynamics with aggregate shocks," Journal of Economic Theory, Elsevier, vol. 57(2), pages 420-441, August.
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