Abstract
We examine an evolutionary model in which the mutation rate varies with the strategy. Bergin and Lipman (Econometrica 64:943–956, 1996) show that equilibrium selection using stochastic evolutionary processes depends on the specification of mutation rates. We offer a characterization of how mutation rates determine the selection of Nash equilibria in 2 × 2 symmetric coordination games for single and double limits of the small mutation rate and the large population size. We prove that the restrictions on mutation rates which ensure that the risk-dominated equilibrium is selected are the same for both orders of limits.
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Sawa, R. Mutation rates and equilibrium selection under stochastic evolutionary dynamics. Int J Game Theory 41, 489–496 (2012). https://doi.org/10.1007/s00182-011-0299-1
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DOI: https://doi.org/10.1007/s00182-011-0299-1