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The projection dynamic is an evolutionary dynamic for population games. It is derived from a model of individual choice in which agents abandon their current strategies at rates inversely proportional to the strategies' current levels of use. The dynamic admits a simple geometric definition, its...
Persistent link: https://www.econbiz.de/10005409306
We investigate a variety of connections between the projection dynamic and the replicator dynamic. At interior population states, the standard microfoundations for the replicator dynamic can be converted into foundations for the projection dynamic by replacing imitation of opponents with...
Persistent link: https://www.econbiz.de/10005413888
We study reinforcement learning in a population game. Agents in a population game revise mixed strategies using the Cross rule of reinforcement learning. The population state—the probability distribution over the set of mixed strategies—evolves according to the replicator continuity equation...
Persistent link: https://www.econbiz.de/10011049795