Interaction and imitation with heterogeneous agents: A misleading evolutionary equilibrium

Journal of Economic Behavior & Organization(2020)

Cited 0|Views2
No score
Abstract
•A two-population evolutionary game involving selfish and pro-social agents.•Heterogeneous individuals interact and also imitate one another.•Uncertainty leads a revising agent to misleadingly imitate other population agents.•Inter-population imitation gives rise to a unique asymptotically stable fixed point.•In this misleading equilibrium selfish and pro-social behavior diverge from the NE.
More
Translated text
Key words
Two-population evolutionary game,Inter-population imitation,Evolutionary stable equilibrium
AI Read Science
Must-Reading Tree
Example
Generate MRT to find the research sequence of this paper
Chat Paper
Summary is being generated by the instructions you defined