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We introduce a new kind of projection dynamics by employing a ray-projection both locally and globally. By global …. Using a correspondence between local and global ray-projection dynamics we prove that every interior evolutionarily stable … payoff structure. This yields an interesting class of so-called generalized projection dynamics which contains best …
Persistent link: https://www.econbiz.de/10003875551
dynamics). …
Persistent link: https://www.econbiz.de/10012423273
replicator dynamics) …
Persistent link: https://www.econbiz.de/10013241993
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are close to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular...
Persistent link: https://www.econbiz.de/10014025690
We present a new approach to studying equilibrium dynamics in a class of stochastic games with a continuum of players …
Persistent link: https://www.econbiz.de/10013273776
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
dynamics ingeneral metric spaces, as well as in Banach spaces, are obtained. Theresults pertaining to Banach spaces are based …
Persistent link: https://www.econbiz.de/10009486855
We introduce a new kind of projection dynamics by employing a ray-projection both locally and globally. By global …. Using a correspondence between local and global ray-projection dynamics we prove that every interior evolutionarily stable … payoff structure. This yields an interesting class of so-called generalized projection dynamics which contains best …
Persistent link: https://www.econbiz.de/10010267138
& Price [1973]. A TESS attracts nearby trajectories too, but the behavior of the dynamics nearby must be similar to the … behavior of the replicator dynamics near an ESS. Both notions are defned on the dynamics and immediately imply asymptotical … stability for the dynamics at hand, i.e., the equilibrium attracts all trajectories sufficiently nearby. We consider this the …
Persistent link: https://www.econbiz.de/10010267162
We introduce a new kind of projection dynamics by employing a ray-projection both locally and globally. By global …. Using a correspondence between local and global ray-projection dynamics we prove that every interior evolutionarily stable … payoff structure. This yields an interesting class of so-called generalized projection dynamics which contains best …
Persistent link: https://www.econbiz.de/10005765317