Evolutionary imitative dynamics with population-varying aspiration levels

Ryoji Sawa, Dai Zusai

研究成果: Article査読

4 被引用数 (Scopus)

抄録

We consider deterministic evolutionary dynamics under imitative revision protocols. We allow agents to have different aspiration levels in the imitative protocols where their aspiration levels are not observable to other agents. We show that the distribution of strategies becomes statistically independent of the aspiration level eventually in the long run. Thus, long-run properties of homogeneous imitative dynamics hold as well, despite heterogeneity in aspiration levels.

本文言語English
ページ(範囲)562-577
ページ数16
ジャーナルJournal of Economic Theory
154
DOI
出版ステータスPublished - 2014 11 1
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学

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