Skip to main content

On the Finite Population Evolutionary Stable Strategy Equilibrium for Perfect Information Extensive Form Games

  • Conference paper
  • First Online:
Book cover Game Theory for Networks (GameNets 2017)

Abstract

This study presents an adaptation of finite population evolutionary stable strategy definition by Schaffer in [1, 2] to perfect information extensive form games. In this adaptation, players reach a finite population evolutionary stable strategy equilibrium by using finite population evolutionary stable strategies which ensure that the game ends up with equal payoffs. We studied the fpESS equilibria of some famous two-player bargaining games such as the ultimatum game, the dictatorship game and a dollar auction game. Not all Perfect Information Extensive form games have an fpESS equilibrium. However, when there exist an fpESS equilibrium in these games, the outcome is a perfectly fair one; that is, all players get equal payoffs.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 44.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 60.00
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Schaffer, M.E.: Are profit-maximizers the best survivors? J. Econ. Behav. Organ. 12, 29–45 (1989)

    Article  Google Scholar 

  2. Schaffer, M.E.: Evolutionary stable strategies for a finite population and a variable contest size. J. Theor. Biol. 132, 469–478 (1988)

    Article  Google Scholar 

  3. Forsythe, R., Horowitz, J.L., Savin, N.E., Sefton, M.: Fairness in simple bargaining experiments. Games Econ. Behav. 6(3), 347–369 (1991)

    Article  MATH  Google Scholar 

  4. Oosterbeek, H., Sloof, R., Kuilen, G.: Cultural differences in ultimatum game experiments: evidence from a meta-analysis. Exp. Econ. 7(2), 171–188 (2004)

    Article  MATH  Google Scholar 

  5. Duersch, P., Oechssler, J., Schipper, B.C.: Pure Saddle Points and Symmetric Relative Payoff Games. Working Papers 0500, University of Heidelberg Department of Economics (2010)

    Google Scholar 

  6. Osborne, M.J.: An Introduction to Game Theory. Oxford University Press, New York (2003)

    Google Scholar 

  7. Shubik, M.: The dollar auction game: a paradox in noncooperative behavior and escalation. J. Conflict Resolut. 15(1), 109–111 (1971)

    Article  Google Scholar 

  8. Leininger, W.: Escalation and cooperation in conflict situations the dollar auction revisited. J. Conflict Resolut. 33(2), 231–254 (1989)

    Article  Google Scholar 

  9. Slantchev B.L.: http://slantchev.ucsd.edu/courses/gt/05-extensive-form.pdf

Download references

Author information

Authors and Affiliations

Authors

Corresponding authors

Correspondence to Aycan Vargün or Mehmet Emin Dalkılıç .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2017 ICST Institute for Computer Sciences, Social Informatics and Telecommunications Engineering

About this paper

Cite this paper

Vargün, A., Dalkılıç, M.E. (2017). On the Finite Population Evolutionary Stable Strategy Equilibrium for Perfect Information Extensive Form Games. In: Duan, L., Sanjab, A., Li, H., Chen, X., Materassi, D., Elazouzi, R. (eds) Game Theory for Networks. GameNets 2017. Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering, vol 212. Springer, Cham. https://doi.org/10.1007/978-3-319-67540-4_5

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-67540-4_5

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-67539-8

  • Online ISBN: 978-3-319-67540-4

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics