STRATEGY-SPECIFIC BARRIERS TO LEARNING AND NONMONOTONIC SELECTION DYNAMICS

Authors
Citation
R. Sethi, STRATEGY-SPECIFIC BARRIERS TO LEARNING AND NONMONOTONIC SELECTION DYNAMICS, Games and economic behavior, 23(2), 1998, pp. 284-304
Citations number
13
Categorie Soggetti
Economics
Journal title
ISSN journal
08998256
Volume
23
Issue
2
Year of publication
1998
Pages
284 - 304
Database
ISI
SICI code
0899-8256(1998)23:2<284:SBTLAN>2.0.ZU;2-V
Abstract
The replicator dynamics are generalized to allow for strategy-specific barriers to learning. The resulting dynamics satisfy neither payoff m onotonicity nor payoff positivity, but do satisfy weak payoff positivi ty. It is shown that initial states from which trajectories converge t o a rest point under the replicator dynamics may yield trajectories wh ich approach a stable limit cycle under the generalized replicator dyn amics. Furthermore, strategies which are strictly dominated by other p ure strategies may survive indefinitely along such nonconvergent paths . (C) 1998 Academic Press.