Search Results - subject:"Evolutionary Game Theory"

Canpolat, Naci; Ozel, Hüseyin - Türkiye Ekonomi Kurumu - TEK - 2008

evolutionarily stable states. Keywords: globalization, evolutionary game theory, evolutionarily stable states, behavioural …

Persistent link: https://www.econbiz.de/10005059681

Advancing Learning and Evolutionary Game Theory with an Application to Social Dilemmas

Izquierdo, Luis R. - Volkswirtschaftliche Fakultät, … - 2008

thesis makes two distinct contributions in the field of learning game theory and one in the field of evolutionary game theory … stable. The contribution of this thesis to evolutionary game theory is a systematic study of the extent to which the … assumptions made in mainstream evolutionary game theory for the sake of tractability are affecting its conclusions. Our results …

Persistent link: https://www.econbiz.de/10005790121

A Model-to-Model Analysis of The Repeated Prisoners' Dilemma: Genetic Algorithms vs. Evolutionary Dynamics

Vilà, Xavier - Departament d'Economia i Història Econòmica, … - 2008

We study the properties of the well known Replicator Dynamics when applied to a finitely repeated version of the Prisoners' Dilemma game. We characterize the behavior of such dynamics under strongly simplifying assumptions (i.e. only 3 strategies are available) and show that the basin of...

Persistent link: https://www.econbiz.de/10005824003

Adapting Strategic Risk in Corporate Tournaments

Bono, James - 2008

The way in which agents manipulate the distribution of performance outcomes in strategic settings has received increasing attention in the game theory literature. This paper uses an evolutionary approach to examine the optimal adaptation of strategic variability in corporate promotion...

Persistent link: https://www.econbiz.de/10005162564

On an Evolutionary Foundation of Neuroeconomics

Schipper, Burkhard C - Volkswirtschaftliche Fakultät, … - 2008

system constrains information processing functions and behavioral functions. By reinterpreting results from evolutionary game … theory (Germano, 2007), we suggest that nervous systems can develop to "function well" in exogenously changing strategic …

Persistent link: https://www.econbiz.de/10005260186

Imitation and the Evolution of Walrasian Behavior: Theoretically Fragile but Behaviorally Robust

Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; … - CESifo - 2008

A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper, we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian...

Persistent link: https://www.econbiz.de/10005196312

Refined best-response correspondence and dynamics

Balkenborg, Dieter; Hofbauer, Josef; Kuzmics, Christoph - Business School, University of Exeter - 2008

We characterize the smallest faces of the polyhedron of strategy profiles that could possibly be made asymptotically stable under some reasonable deterministic dynamics. These faces are Kalai and Samet's (1984) persistent retracts and are spanned by Basu and Weibull's (1991) CURB sets based on a...

Persistent link: https://www.econbiz.de/10008852497

Coevolutionary Genetic Algorithms for Establishing Nash Equilibrium in Symmetric Cournot Games

Protopapas, Mattheos; Battaglia, Francesco; … - COMISEF - 2008

We use co-evolutionary genetic algorithms to model the players' learning process in several Cournot models, and evaluate them in terms of their convergence to the Nash Equilibrium. The \social-learning" versions of the two co-evolutionary algorithms we introduce, establish Nash Equilibrium in...

Persistent link: https://www.econbiz.de/10008469636

The Unique-Lowest Sealed-Bid Auction

Houba, Harold; Laan, Dinard van der; Veldhuizen, Dirk - 2008

Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two-bidders' auction is similar to the Hawk-Dove game, which...

Persistent link: https://www.econbiz.de/10014047495

Modeling Competitive Reaction Effects

Leeflang, Peter - 2008

In this study I critically review models that specify competitive reaction effects. I discuss different model structures and summarize my findings on competitive reaction effects and factors that explain competitive reactions. I discuss the many models of competitive market response that have...

Persistent link: https://www.econbiz.de/10014213983