A note on “Evolution of Preferences”

Oliver Pardo

Journal of Mathematical Economics, 2017, vol. 71, issue C, 129-134

Abstract: A surprising result in Dekel et al. (2007) states that strict Nash equilibria might cease to be evolutionary stable when agents are able to observe a signal that fully reveals the opponent’s preferences, even if the frequency of the signal is very low. I show that when the signal a player receives on her opponent’s preferences is almost uninformative, all strict Nash equilibria are evolutionary stable, no matter the frequency of the signal.

Keywords: Evolution of Preferences; Indirect evolutionary approach; Efficiency (search for similar items in EconPapers)
Date: 2017
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Working Paper: A Note on The Evolution of Preferences (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:71:y:2017:i:c:p:129-134

DOI: 10.1016/j.jmateco.2017.05.005

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