### Abstract

Original language | English |
---|---|

Place of Publication | Tilburg |

Publisher | Microeconomics |

Number of pages | 14 |

Volume | 1998-94 |

Publication status | Published - 1998 |

### Publication series

Name | CentER Discussion Paper |
---|---|

Volume | 1998-94 |

### Fingerprint

### Keywords

- games
- probability

### Cite this

*Evolution with Mutations Driven by Control Costs*. (CentER Discussion Paper; Vol. 1998-94). Tilburg: Microeconomics.

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**Evolution with Mutations Driven by Control Costs.** / van Damme, E.E.C.; Weibull, J.

Research output: Working paper › Discussion paper › Other research output

TY - UNPB

T1 - Evolution with Mutations Driven by Control Costs

AU - van Damme, E.E.C.

AU - Weibull, J.

N1 - Pagination: 14

PY - 1998

Y1 - 1998

N2 - Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model these mutation rates as endogenously determined mistake probabilities, by assuming that players at some cost or disutility can control their mistake probability, i.e., the probability of implementing another pure strategy than intended. This is shown to corroborate the result in Kandori-Mailath-Rob and Young that the risk-dominant equilibrium is selected in 2£ 2-coordination games.

AB - Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model these mutation rates as endogenously determined mistake probabilities, by assuming that players at some cost or disutility can control their mistake probability, i.e., the probability of implementing another pure strategy than intended. This is shown to corroborate the result in Kandori-Mailath-Rob and Young that the risk-dominant equilibrium is selected in 2£ 2-coordination games.

KW - games

KW - probability

M3 - Discussion paper

VL - 1998-94

T3 - CentER Discussion Paper

BT - Evolution with Mutations Driven by Control Costs

PB - Microeconomics

CY - Tilburg

ER -