Global analysis of an expectations augmented evolutionary dynamics
Angelo Antoci,
Antonio Gay,
Massimiliano Landi and
Pier Luigi Sacco
Journal of Economic Dynamics and Control, 2008, vol. 32, issue 12, 3877-3894
Abstract:
We consider a deterministic evolutionary model where players form expectations about future play. Players are not fully rational and have expectations that change over time in response to current payoffs and feedback from the past. We provide a complete characterization of the qualitative dynamics so induced for a two strategy population game, and relate our findings to standard evolutionary dynamics and equilibrium selection when agents have rational forward looking expectations.
Keywords: Evolutionary; games; Dynamic; systems; Bounded; rationality (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165-1889(08)00064-X
Full text for ScienceDirect subscribers only
Related works:
Working Paper: Global Analysis of an Expectations Augmented Evolutionary Dynamics (2007) 
Working Paper: Global Analysis of an Expectations Augmented Evolutionary Dynamics (2007) 
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: https://EconPapers.repec.org/RePEc:eee:dyncon:v:32:y:2008:i:12:p:3877-3894
Access Statistics for this article
Journal of Economic Dynamics and Control is currently edited by J. Bullard, C. Chiarella, H. Dawid, C. H. Hommes, P. Klein and C. Otrok
More articles in Journal of Economic Dynamics and Control from Elsevier
Bibliographic data for series maintained by Catherine Liu ().