Evolutionary game dynamics and the analysis of agent-based imitation models: The long run, the medium run and the importance of global analysis

Dawid H (2007)
JOURNAL OF ECONOMIC DYNAMICS & CONTROL 31(6): 2108-2133.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
In this paper it is examined under which circumstances analytical concepts developed in evolutionary game theory can be usefully applied to predict the behavior of imitation processes of several interacting finite populations of agents. I review results concerning stochastic stability and approximation by deterministic dynamics in the long run and in the medium run and complement the theoretical analysis with insights obtained from simulations. In particular, it is demonstrated that the predictive power of deterministic dynamic analysis depends on the structure of the basins of attraction with respect to that dynamical system. Methods developed for the global analysis of deterministic systems turn out to be useful to characterize the predictive power of the deterministic analysis. (c) 2007 Elsevier B.V. All rights reserved.
Stichworte
attraction; basins of; agent-based modelling; imitation; evolutionary stability; stochastic stability; etace_agent_based_modelling
Erscheinungsjahr
2007
Zeitschriftentitel
JOURNAL OF ECONOMIC DYNAMICS & CONTROL
Band
31
Ausgabe
6
Seite(n)
2108-2133
ISSN
0165-1889
Page URI
https://pub.uni-bielefeld.de/record/1593919

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Dawid H. Evolutionary game dynamics and the analysis of agent-based imitation models: The long run, the medium run and the importance of global analysis. JOURNAL OF ECONOMIC DYNAMICS & CONTROL. 2007;31(6):2108-2133.
Dawid, H. (2007). Evolutionary game dynamics and the analysis of agent-based imitation models: The long run, the medium run and the importance of global analysis. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 31(6), 2108-2133. doi:10.1016/j.jedc.2007.01.002
Dawid, H. (2007). Evolutionary game dynamics and the analysis of agent-based imitation models: The long run, the medium run and the importance of global analysis. JOURNAL OF ECONOMIC DYNAMICS & CONTROL 31, 2108-2133.
Dawid, H., 2007. Evolutionary game dynamics and the analysis of agent-based imitation models: The long run, the medium run and the importance of global analysis. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 31(6), p 2108-2133.
H. Dawid, “Evolutionary game dynamics and the analysis of agent-based imitation models: The long run, the medium run and the importance of global analysis”, JOURNAL OF ECONOMIC DYNAMICS & CONTROL, vol. 31, 2007, pp. 2108-2133.
Dawid, H.: Evolutionary game dynamics and the analysis of agent-based imitation models: The long run, the medium run and the importance of global analysis. JOURNAL OF ECONOMIC DYNAMICS & CONTROL. 31, 2108-2133 (2007).
Dawid, Herbert. “Evolutionary game dynamics and the analysis of agent-based imitation models: The long run, the medium run and the importance of global analysis”. JOURNAL OF ECONOMIC DYNAMICS & CONTROL 31.6 (2007): 2108-2133.