Introducing Disappointment Dynamics and Comparing Behaviors in Evolutionary Games: Some Simulation Results

Introducing Disappointment Dynamics and Comparing Behaviors in Evolutionary Games: Some Simulation Results

The paper presents an evolutionary model, based on the assumption that agents may revise their current strategies if they previously failed to attain the maximum level of potential payoffs. We offer three versions of this reflexive mechanism, each one of which describes a distinct type: spontaneous agents, rigid players, and ‘satisficers’. We use simulations to examine the performance of these ...

Equilibrium in Evolutionary Games: Some Experimental Results

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Population Games And Evolutionary Dynamics

Evolutionary Games and Local Dynamics

Evolutionary games have been introduced by Maynard Smith and Price [1973] in the early 70’s with the aim to study the stability of populations in time. In the general model, a population consists of finitely many different types that interact randomly with each other, where each interaction leads to fitness payoffs for each of the types involved. Consequently, the population distribution over t...

Exploration dynamics in evolutionary games.

Evolutionary game theory describes systems where individual success is based on the interaction with others. We consider a system in which players unconditionally imitate more successful strategies but sometimes also explore the available strategies at random. Most research has focused on how strategies spread via genetic reproduction or cultural imitation, but random exploration of the availab...