Josef Hofbauer:
Equilibrium Selection via Travelling Waves
In: Werner Leinfellner and Eckehart Köhler (eds.):
Vienna Circle Institute Yearbook 5/1997 :
Game Theory, Experience, Rationality.
Foundations of Social Sciences, Economics and Ethics.
In Honor of John C. Harsanyi. Dordrecht-Boston-London: Kluwer.
pp. 245-259.
Abstract .
`Spatial games' in form of reaction-diffusion equations are used to justify
the risk-dominant solution for 2x2 games. For more general games,
we explore the differences and similarities of our new dominance relation
to (generalized) Nash products and the Harsanyi-Selten risk-dominance
relation.
Download preprint (1996) dvi (57 KB), ps (223 KB)