Finite Memory Distributed Systems

Victor Dorofeenko and Jamsheed Shorish ()
Additional contact information
Victor Dorofeenko: Institute for Advanced Studies, Vienna

The B.E. Journal of Theoretical Economics, 2006, vol. contributions.6, issue 1, pages 14

Abstract:

A distributed system model is studied, where individual agents play repeatedly against each other and change their strategies based upon previous play. It is shown how to model this environment in terms of continuous population densities of agent types. A complication arises because the population densities of different strategies depend upon each other not only through game payoffs, but also through the strategy distributions themselves. In spite of this, it is shown that when an agent imitates the strategy of his previous opponent at a sufficiently high rate, the system of equations which governs the dynamical evolution of agent populations can be reduced to one equation for the total population. In a sense, the dynamics 'collapse' to the dynamics of the entire system taken as a whole, which describes the behavior of all types of agents. We explore the implications of this model, and present both analytical and simulation results.

Keywords: fixed strategy; prisoner's dilemma; Fokker-Plank; distributed system (search for similar items in EconPapers)
JEL-codes: C61 C73 (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.bepress.com/cgi/viewcontent.cgi?article=1315&context=bejte (application/pdf)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
Working Paper: Finite Memory Distributed Systems (2006)
Working Paper: Finite Memory Distributed Systems (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bpj:bejtec:v:contributions.6:y:2006:i:1:n:14

Ordering information: This journal article can be ordered from
http://www.degruyter.com/view/j/bejte

Access Statistics for this article

More articles in The B.E. Journal of Theoretical Economics from De Gruyter
Series data maintained by Peter Golla ().