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Stochastic replicator dynamics

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  • Antonio Cabrales

Abstract

This article studies the replicator dynamics in the presence of shocks. I show that under these dynamics strategies that do not survive the iterated deletion of strictly dominated strategies are eliminated in the long run, even in the presence of nonvanishing perturbations, I also give an example that shows that the stochastic dynamics in this article have equilibrium selection properties that differ from other dynamics in the literature. Copyright 2000 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

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  • Antonio Cabrales, 1993. "Stochastic replicator dynamics," Economics Working Papers 54, Department of Economics and Business, Universitat Pompeu Fabra.
    • Handle: RePEc:upf:upfgen:54
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    References listed on IDEAS

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