Evolution of preferences in multiple populations
Yu-Sung Tu () and
Wei-Torng Juang ()
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Yu-Sung Tu: Academia Sinica
Wei-Torng Juang: Academia Sinica
International Journal of Game Theory, 2024, vol. 53, issue 1, No 9, 259 pages
Abstract:
Abstract We study the evolution of preferences in multi-population settings that allow matches across distinct populations. Each individual has subjective preferences over potential outcomes, and chooses a best response based on his preferences and the information about the opponents’ preferences. Individuals’ realized fitnesses are given by material payoff functions. Following Dekel et al. (Rev Econ Stud 74:685–704, 2007), we assume that individuals observe their opponents’ preferences with probability p. We first derive necessary and sufficient conditions for stability for $$p=1$$ p = 1 and $$p=0$$ p = 0 , and then check the robustness of our results against small perturbations on observability for the case of pure-strategy outcomes.
Keywords: Evolution of preferences; Indirect evolutionary approach; Asymmetric game; Evolutionary stability; Observability (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s00182-023-00869-w
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