Static Stability in Games Part I: Symmetric and Population Games
Bar-Ilan University, Department of Economics Working Paper 2017-07
Static stability in strategic games differs from dynamic stability in only considering the players’ incentives to change their strategies. It does not rely on any assumptions about the players’ reactions to these incentives and it is thus not linked with any particular dynamics. This paper presents a general notion of static stability of strategies in symmetric N-player games and population games, of which evolutionarily stable strategy (ESS) and continuously stable strategy (CSS) are essentially special cases. Unlike them, the proposed stability concept does not depend on the existence of special structures in the game such as multilinear payoff functions or unidimensional strategy spaces.
Static stability; Evolutionarily stable strategy; Continuously stable strategy; Risk dominance; Potential games