Evolutionary Learning in Signalling Games

نویسندگان

  • Hans Jørgen Jacobsen
  • Mogens Jensen
  • Birgitte Sloth
چکیده

We study equilibrium selection by evolutionary learning in monotone two-type signalling games. The learning process we study extends that introduced by Young (1993, Econometrica 61, 57–84) to deal with incomplete information and sequential moves; it thus involves stochastic trembles. For vanishing trembles the process gives rise to strong selection among sequential equilibria: if the game has separating equilibria, then in the long run only play according to the so-called Riley equilibrium will be observed frequently. Journal of Economic Literature Classification Number: C72. © 2001 Academic Press

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عنوان ژورنال:
  • Games and Economic Behavior

دوره 34  شماره 

صفحات  -

تاریخ انتشار 2001