Stochastically Stable Equilibrium
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Stochastically Stable Equilibrium

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In game theory, a stochastically stable equilibrium is a refinement of the evolutionarily stable state in evolutionary game theory, proposed by Dean Foster and Peyton Young. An evolutionary stable state S is also stochastically stable if under vanishing noise the probability that the population is in the vicinity of state S does not go to zero. The concept is extensively used in models of learning in populations, where "noise" is used to model experimentation or repla...