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We introduce a class of evolutionary game dynamics - pairwise comparison dynamics - under which revising agents choose a candidate strategy at random, switching to it with positive probability if and only if its payoff is higher than the agent’s current strategy. We prove that all such...
Persistent link: https://www.econbiz.de/10009751390
We introduce a class of evolutionary game dynamics - pairwise comparison dynamics - under which revising agents choose a candidate strategy at random, switching to it with positive probability if and only if its payoff is higher than the agent's current strategy. We prove that all such dynamics...
Persistent link: https://www.econbiz.de/10010369355
Persistent link: https://www.econbiz.de/10011957096
We present a dynamic analysis of the evolution of preferences in a strategic environment. In our model, each player's behavior depends upon both the game's payoffs and his idiosyncratic biases, but only the game's payoffs determine his evolutionary success. Dynamics run at two speeds at once:...
Persistent link: https://www.econbiz.de/10005085551
Persistent link: https://www.econbiz.de/10013364853
A population of players repeatedly plays an n strategy symmetric game. Players update their strategies by sampling the behavior of k opponents and playing a best response to the distribution of strategies in the sample. Suppose the game possesses a ${1 \over k}$-dominant strategy which is...
Persistent link: https://www.econbiz.de/10005178885
We introduce a class of evolutionary game dynamics — <em>pairwise comparison dynamics</em> — under which revising agents choose a candidate strategy at random, switching to it with positive probability if and only if its payoff is higher than the agent’s current strategy. We prove that all such...
Persistent link: https://www.econbiz.de/10008682989