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We consider a kinetic equation approach to dynamical systems with finite memory, based upon a probabilistic approach given in Dorofeenko and Shorish (2004). This approach uses a master equation methodology to analytically model the dynamics of distributed systems with many heterogeneous agents,...
Persistent link: https://www.econbiz.de/10005345328
Persistent link: https://www.econbiz.de/10005345377
A distributed system model is studied, where individual agents engage in repeated play against each other and can change their strategies based upon previous play. Similar to Dorofeenko and Shorish (2005), it is shown how to model this environment in terms of continuous population densities...
Persistent link: https://www.econbiz.de/10005706248