Imitators and optimizers in a changing environment

DOI10.1016/j.jedc.2007.06.001zbMath1181.91039OpenAlexW3122783067MaRDI QIDQ844651

Oddvar M. Kaarbøe, Burkhard Hehenkamp

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://ekstern.filer.uib.no/svf/2003/03-03.pdf

zbMATH Keywords

optimizationevolutionimitationchanging environmentsheterogeneous learning rules

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26)

Related Items (9)

Imitation by price and quantity setting firms in a differentiated market ⋮ WELFARE IMPLICATIONS OF HETEROGENEOUS LABOR MARKETS IN A CURRENCY AREA ⋮ QUADRATIC LABOR ADJUSTMENT COSTS, BUSINESS CYCLE DYNAMICS, AND OPTIMAL MONETARY POLICY ⋮ Cooperation through imitation and exclusion in networks ⋮ Altruistic versus egoistic behavior in a public good game ⋮ Stochastic adaptation in finite games played by heterogeneous populations ⋮ Dynamic exploitation of myopic best response ⋮ Imitators and optimizers in Cournot oligopoly ⋮ Beatable imitation in symmetric games with perturbed payoffs

Uses Software

• IMITATOR

Cites Work

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• Markov chains and stochastic stability
• Experimentation, imitation, and stochastic stability
• Endogenous fluctuations under evolutionary pressure in Cournot competition
• The evolution of Walrasian behavior in oligopolies
• Markov Chains with Continuous Components
• The Evolution of Walrasian Behavior
• A Rational Route to Randomness
• Learning, Mutation, and Long Run Equilibria in Games
• The Evolution of Conventions
• Experimentation, imitation, and stochastic stability: Addendum

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