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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2006
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| Subjects: | |
| 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 |