Article ID: | iaor20083142 |
Country: | Netherlands |
Volume: | 37 |
Issue: | 1 |
Start Page Number: | 229 |
End Page Number: | 244 |
Publication Date: | Dec 1992 |
Journal: | Annals of Operations Research |
Authors: | Bomze Immanuel M., Damme Eric E.C. van |
Keywords: | game theory |
Evolutionary stability, the central solution concept in evolutionary game theory, is closely related to local asymptotic stability in a certain nonlinear dynamical system operating on the state space, the so-called ‘replicator dynamics’. However, a purely dynamical characterization of evolutionary stability is not available in an elementary manner. This characterization can be achieved by investigating so-called ‘derived games’ which consist of mixed strategies corresponding to successful states in the original game. Using well-known facts, several characterization results are obtained within this context. These also may shed light on the extremality properties of evolutionary stability.