Showing 1 - 10 of 2,701
Persistent link: https://www.econbiz.de/10013198688
We relax the common assumption of homogeneous beliefs in principal-agent relationships with adverse selection. Principals are competitors in the product market and write contracts also on the base of an expected aggregate. The model is a version of a cobweb model. In an evolutionary learning...
Persistent link: https://www.econbiz.de/10012607986
evolution in structured populations. Despite the apparent diversity of these approaches they all share a unified underlying … a higher probability than they would at random. Here we study the evolution of cooperation in both discrete strategy and …'s rule, which govern the evolution of cooperation in these games. For continuous strategy social dilemmas we employ both a …
Persistent link: https://www.econbiz.de/10012432254
Persistent link: https://www.econbiz.de/10012626675
Persistent link: https://www.econbiz.de/10011895017
Persistent link: https://www.econbiz.de/10012149059
Adaptive dynamics is a mathematical framework for studying evolution. It extends evolutionary game theory to account … is supported with a worked-out example of evolution of arrival times in migratory birds. We show how the adaptive … dynamics methodology can be extended to study evolution in polymorphic populations using trait evolution plots (TEPs). We give …
Persistent link: https://www.econbiz.de/10009785435
In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can, in theory, lead to a Correlated Equilibrium that can improve the overall payoffs of the agents. Here we explore whether boundedly rational, adaptive agents can learn to...
Persistent link: https://www.econbiz.de/10011515836
Persistent link: https://www.econbiz.de/10010442447
Poker is a game of skill, much like chess or go, but distinct as an incomplete information game. Substantial work has been done to understand human play in poker, as well as the optimal strategies in poker. Evolutionary game theory provides another avenue to study poker by considering...
Persistent link: https://www.econbiz.de/10014443305