On the neutral stability of mixed strategies in asymmetric contests.
Mathematical Social Sciences
Although a mixed strategy can never be evolutionary stable in a truly asymmetric contest, examples show that mixed strategies can satisfy the weaker criterion of neutral stability. This paper shows that such examples are rare, and, generically, a mixed strategy is unstable. We apply our result to the battle of the sexes between males and females over the raising of offspring.
|Title:||On the neutral stability of mixed strategies in asymmetric contests|
|Keywords:||JEL classification: O26. Evolutionary game theory, instability of mixed strategies|
|UCL classification:||UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics|
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