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Finite-Population 'Mass-Action' and Evolutionary Stability
Working paper

Finite-Population 'Mass-Action' and Evolutionary Stability

Karl Wärneryd and Axel Bernergård
CESifo Working Paper Series, 3378
2011

Abstract

Nash proposed an interpretation of mixed strategies as the average pure-strategy play of a population of players randomly matched to play a normal-form game. If populations are finite, some equilibria of the underlying game have no such corresponding “mass-action” equilibrium. We show that for mixed strategy equilibria of 2 × 2 games, the requirement of such a correspondence is equivalent to neutral evolutionary stability.

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