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Economic agents are not always rational or farsighted and can make decisions according to simple behavioral rules that vary according to situation and can be studied using the tools of evolutionary game theory. Furthermore, such behavioral rules are themselves subject to evolutionary forces....
Persistent link: https://www.econbiz.de/10011852747
Economic agents are not always rational or farsighted and can make decisions according to simple behavioral rules that vary according to situation and can be studied using the tools of evolutionary game theory. Furthermore, such behavioral rules are themselves subject to evolutionary forces....
Persistent link: https://www.econbiz.de/10011849550
players to which ν will become disconnected. We focus on unilateral link formation and Nash equilibrium. We show existence of …
Persistent link: https://www.econbiz.de/10009752420
In this article, a class of mean-field-type games with discrete-continuous state spaces is considered. We establish Bellman systems which provide sufficiency conditions for mean-field-type equilibria in state-and-mean-field-type feedback form. We then derive unnormalized master adjoint systems...
Persistent link: https://www.econbiz.de/10013200049
In this article, a class of mean-field-type games with discrete-continuous state spaces is considered. We establish Bellman systems which provide sufficiency conditions for mean-field-type equilibria in state-and-mean-field-type feedback form. We then derive unnormalized master adjoint systems...
Persistent link: https://www.econbiz.de/10012432368
of Markov evolution of interaction states is presented that generalizes classical homogeneous Markov chains to the …
Persistent link: https://www.econbiz.de/10011852714
Evolution of cooperation has traditionally been studied by assuming that individuals adopt either of two pure … promotes the evolution of cooperation, our investigation gives a comprehensive picture of how relatedness affects the evolution …
Persistent link: https://www.econbiz.de/10012227730
find that three elements matter for the equilibrium selection: the group size, the strength of preferences, and the …
Persistent link: https://www.econbiz.de/10013200115
We analyze a model in which individuals have hereditary reproductive types. The reproductive value of an individual is determined by her reproductive type and the amount of resources she can access. We introduce the possibility of suicide and assume it is also a genetic trait that interacts with...
Persistent link: https://www.econbiz.de/10010369388
interactions. The second model captures the evolution of a society of motivated agents. It is demonstrated that misperception, when …
Persistent link: https://www.econbiz.de/10011709868