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revision occurring over the course of the simulation. This paper aims to investigate the influence of learning dynamics on …
Persistent link: https://www.econbiz.de/10014443305
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The emergence of the modern gig economy introduces a new set of employment considerations for firms and laborers that include various trade-offs. With a game-theoretical approach, we examine the influences of technology, policy and markets on firm and worker preferences for gig labor....
Persistent link: https://www.econbiz.de/10012547805
Adaptive dynamics is a mathematical framework for studying evolution. It extends evolutionary game theory to account for more realistic ecological dynamics and it can incorporate both frequency- and density-dependent selection. This is a practical guide to adaptive dynamics that aims to...
Persistent link: https://www.econbiz.de/10009785435
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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
We examine the impact of behavioral noise on equilibrium selection in a hawk-dove game with a model that linearly interpolates between the one- and two-population structures in an evolutionary context. Perturbed best response dynamics generates two hypotheses in addition to the bifurcation...
Persistent link: https://www.econbiz.de/10011595678
Cooperation in social dilemmas plays a pivotal role in the formation of systems at all levels of complexity, from replicating molecules to multi-cellular organisms to human and animal societies. In spite of its ubiquity, the origin and stability of cooperation pose an evolutionary conundrum,...
Persistent link: https://www.econbiz.de/10012432254
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Under general demands and costs, this paper investigates the evolutions of Cournot and Bertrand firms in imitation and replicator dynamics. All-Cournot firms, all-Bertrand firms and both-type’s co-existence can be globally asymptotically stable limits of replicator dynamics, while only the...
Persistent link: https://www.econbiz.de/10014082539