Traits, Imitation and Evolutionary Dynamics
Wendelin Schnedler
The Centre for Market and Public Organisation from The Centre for Market and Public Organisation, University of Bristol, UK
Abstract:
In this article, a modelling framework for the information transmission between agents in an evolutionary game setting is proposed. Agents observe traits which reflect past and present behaviour and success of other agents. If agents imitate more successful agents based on these traits, the resulting dynamics are a multivariate stochastic process. An example for such a process is simulated. The results resemble the replicator dynamics to a remarkable degree. If traits moderately depend on the past, this accelerates convergence of the dynamics towards a stable state. If the dependence is strong, the stable state is not reached.
Keywords: replicator dynamics; imitation; evolution of cooperation; information transmission; simulation (search for similar items in EconPapers)
JEL-codes: C73 D83 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2003-07
New Economics Papers: this item is included in nep-cmp, nep-evo and nep-mfd
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Working Paper: Traits, Imitation, and Evolutionary Dynamics (2003) 
Working Paper: Traits, Imitation, and Evolutionary Dynamics (2003) 
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Persistent link: https://EconPapers.repec.org/RePEc:bri:cmpowp:03/081
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