Equilibrium selection with coupled populations in hawk–dove games: Theory and experiment in continuous time

Volker Benndorf, Ismael Martínez-Martínez and Hans-Theo Normann

Journal of Economic Theory, 2016, vol. 165, issue C, 472-486

Abstract: Standard one- and two-population models for evolutionary games are the limit cases of a uniparametric family combining intra- and intergroup interactions. Our setup interpolates between both extremes with a coupling parameter κ. For the example of the hawk–dove game, we analyze the replicator dynamics of the coupled model. We confirm the existence of a bifurcation in the dynamics of the system and identify three regions for equilibrium selection, one of which does not appear in common one- and two-population models. We also design a continuous-time experiment, exploring the dynamics and the equilibrium selection. The data largely confirm the theory.

Keywords: Evolutionary game theory; Experiment in continuous time; Hawk–dove game; Replicator dynamics (search for similar items in EconPapers)
JEL-codes: C62 C73 C91 C92 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:165:y:2016:i:c:p:472-486

DOI: 10.1016/j.jet.2016.06.003

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