Bifurcation analysis of the rock–paper–scissors game with discrete-time logit dynamics
Mathematical Social Sciences, 2018, vol. 95, issue C, 54-65
In this study, we investigate a discrete-time version of logit dynamics, as applied to the rock–paper–scissors (RPS) game. First, we show that around the Nash equilibrium point, an attracting closed invariant curve appears due to the Neimark–Sacker bifurcation. Next, near the resonance point, we find a period-three attracting cycle, which can be thought of as a counterpart to the cyclically stable set in the RPS game with best response dynamics. Moreover, we show that the cycle can coexist with an attracting closed invariant curve, a period-three saddle cycle, and the attracting or repelling Nash equilibrium point. Finally, we use the codimension-two bifurcation theory to specify the set of heteroclinic bifurcations that destroy the coexistence of the attractors.
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:95:y:2018:i:c:p:54-65
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