Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10003391633
Persistent link: https://www.econbiz.de/10003725548
Persistent link: https://www.econbiz.de/10003712643
Persistent link: https://www.econbiz.de/10011592945
Persistent link: https://www.econbiz.de/10011550406
This note characterizes the impact of adding rare stochastic mutations to an "imitation dynamic," meaning a process with the properties that any state where all agents use the same strategy is absorbing, and all other states are transient. The work of Freidlin and Wentzell [10] and its...
Persistent link: https://www.econbiz.de/10014068532
We analyze a class of imitation dynamics with mutations for games with any finite number of actions, and give conditions for the selection of a unique equilibrium as the mutation rate becomes small and the population becomes large. Our results cover the multiple-action extensions of the...
Persistent link: https://www.econbiz.de/10012728635
In this paper we study the connection between matrix measures and random walks with a tridiagonal block transition matrix. We derive sufficient conditions such that the blocks of the n-step transition matrix of the Markov chain can be represented as integrals with respect to a matrix valued...
Persistent link: https://www.econbiz.de/10010296686
In this paper we study the connection between matrix measures and random walks with a tridiagonal block transition matrix. We derive sufficient conditions such that the blocks of the n-step transition matrix of the Markov chain can be represented as integrals with respect to a matrix valued...
Persistent link: https://www.econbiz.de/10009216852
In this paper we study the connection between matrix measures and random walks with a tridiagonal block transition matrix. We derive sufficient conditions such that the blocks of the n-step transition matrix of the Markov chain can be represented as integrals with respect to a matrix valued...
Persistent link: https://www.econbiz.de/10003105191