Paper #477

Title:

On the structural difference between the evolutionary approach of Young and that of Kandori, Mailath and Rob

Authors:

Hans Jorgen Jacobsen, Mogens Jensen and Brigitte Sloth

Date:

June 1999 (Revised: December 1999)

Abstract:

We provide robust examples of symmetric two-player coordination games in normal form that reveal that equilibrium selection by the evolutionary model of Young (1993) is essentially different from equilibrium selection by the evolutionary model of Kandori, Mailath and Rob (1993).

Keywords:

Evolutionary learning, coordination games, equilibrium selection

JEL codes:

C78

Area of Research:

Microeconomics

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