Definition:Steady State Interpretation

Definition

Let $G$ be a game.

The steady state interpretation of the solution of $G$ treats $G$ as a model whose purpose is to explain some sort of regularity in a collection of similar situations.

Also known as

Some authors refer to this as the evolutive interpretation.

Also see

• Definition:Deductive Interpretation

Sources

• 1987: K.G. Binmore: Modeling Rational Players, Part I (Economics and Philosophy Vol. 3: pp. 19 – 214)
• 1988: K.G. Binmore: Modeling Rational Players, Part II (Economics and Philosophy Vol. 4: pp. 9 – 55)
• 1994: Martin J. Osborne and Ariel Rubinstein: A Course in Game Theory ... (previous) ... (next): $1.5$: The Steady State and Deductive Interpretations