Monotone imitation dynamics in large populations

A-Tier
Journal: Journal of Economic Theory
Year: 2008
Volume: 140
Issue: 1
Pages: 229-245

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 aspiration-and-imitation process of Binmore and Samuelson [Muddling through: noisy equilibrium selection, J. Econ. Theory 74 (1997) 235-265] and the related processes proposed by BenaI¨m and Weibull [Deterministic approximation of stochastic evolution in games, Econometrica 71 (2003) 873-903] and Traulsen et al. [Coevolutionary dynamics: from finite to infinite populations, Phys. Rev. Lett. 95 (2005) 238701], as well as the frequency-dependent Moran process studied by Fudenberg et al. [Evolutionary game dynamics in finite populations with strong selection and weak mutation, Theoretical Population Biol. 70 (2006) 352-363]. We illustrate our results by considering the effect of the number of periods of repetition on the selected equilibrium in repeated play of the prisoner's dilemma when players are restricted to a small set of simple strategies.

Technical Details

RePEc Handle
repec:eee:jetheo:v:140:y:2008:i:1:p:229-245
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25