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  • Search: subject:"Payoff heterogeniety"
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Adaptive dynamics 1 Evolution 1 Generalised risk dominance 1 Payoff heterogeniety 1
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Book / Working Paper 1
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Undetermined 1
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Myatt, David P. 1 Wallace, Chris 1
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ESRC Centre for Economic Learning and Social Evolution (ELSE), Department of Economics 1
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ELSE working papers 1
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RePEc 1
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Did you mean: subject:"payoff heterogeneity" (9 results)
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Adaptive Dynamics with Payoff Heterogeneity
Myatt, David P.; Wallace, Chris - ESRC Centre for Economic Learning and Social Evolution …
A finite population of agents playing a 2 x 2 symmetric game evolves by adaptive best response. The assumption that players make mistakes is dropped in favor of one where players differ, via payoff heterogeneity. Arbitrary mutations are thus replaced with an economically justified specification....
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