Showing 1 - 10 of 28
Persistent link: https://www.econbiz.de/10003876941
Persistent link: https://www.econbiz.de/10001570496
Persistent link: https://www.econbiz.de/10001408180
We introduce a class of evolutionary game dynamics - pairwise comparison dynamics - under which revising agents choose a candidate strategy at random, switching to it with positive probability if and only if its payoff is higher than the agent’s current strategy. We prove that all such...
Persistent link: https://www.econbiz.de/10009751390
Persistent link: https://www.econbiz.de/10003876954
Persistent link: https://www.econbiz.de/10003192034
In John Nash’s proofs for the existence of (Nash) equilibria basedon Brouwer’s theorem, an iteration mapping is used. A continuous—time analogue of the same mapping has been studied even earlier byBrown and von Neumann. This differential equation has recently beensuggested as a plausible...
Persistent link: https://www.econbiz.de/10005868464
Persistent link: https://www.econbiz.de/10000997975
We call a correspondence, defined on the set of mixed strategy profiles, a generalized best reply correspondence if it has (1) a product structure, is (2) upper semi-continuous, (3) always includes a best reply to any mixed strategy profile, and is (4) convex- and closed-valued. For each...
Persistent link: https://www.econbiz.de/10009231404
Persistent link: https://www.econbiz.de/10009712423