Expectations, Animal Spirits, and Evolutionary Dynamics

Expectations, Animal Spirits, and Evolutionary Dynamics

We consider a (deterministic) evolutionary model where players have dynamic expectations about the strategy distribution. We provide a global analysis of the co-evolution of play and expectations for a generic two-by-two game. Besides the the typical indeterminacy of the evolutionary dynamics, we fi...

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Bibliographic Details
Main Authors: ANTOCI, Angelo, LANDI, Massimiliano, SACCO, Pier Luigi
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2006
Subjects:
evolutionary games
dynamic systems
animal spirits
Behavioral Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/894
https://ink.library.smu.edu.sg/context/soe_research/article/1893/viewcontent/Learning_SMU.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/894
https://ink.library.smu.edu.sg/context/soe_research/article/1893/viewcontent/Learning_SMU.pdf

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