Almost sure Nash equilibrium strategies in evolutionary models of asset markets (Q532532)

The authors consider a stochastic model of a financial market with discrete time, long-lived dividend paying assets, endogenous asset prices and portfolio rebalancing. The model was initially developed and analyzed in the context of evolutionary finance, with the main focus on questions of ``survival and extinction'' of investment strategies. For this model, the long-run behavior of the relative wealth of the investors is investigated. Nash equilibrium strategies satisfying equilibrium conditions with probability one are examined.