Evolutionary stability for large populations and backward induction

Evolutionary stability for large populations and backward induction

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Article ID: iaor200934344
Country: United States
Volume: 31
Issue: 2
Start Page Number: 369
End Page Number: 380
Publication Date: May 2006
Journal: Mathematics of Operations Research
Authors:
Abstract:

It has been shown (Hart 2002) that the backward induction (or subgame–perfect) equilibrium of a perfect information game is the unique stable outcome for dynamic models consisting of selection and mutation, when the mutation rate is low and the populations are large, under the assumption that the expected number of mutations per generation is bounded away from zero.

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