Imitators and optimizers in a changing environment

DOI10.1016/J.JEDC.2007.06.001MaRDI QIDQ844651zbMATH OpenOpenAlexFDO

Authors Burkhard Hehenkamp, Oddvar M. Kaarbøe

Publication date 19 January 2010

Published in Journal of Economic Dynamics and 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)

Recommendations

• Imitation and experimentation in changing contests
• Imitators and optimizers in Cournot oligopoly
• Imitator strategies
• An evolutionary approach to learning in a changing environment.
• Imitation in heterogeneous populations

Cites work

• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• scientific article; zbMATH DE number 1842046 (Why is no real title available?)
• scientific article; zbMATH DE number 3186512 (Why is no real title available?)
• A Rational Route to Randomness
• Endogenous fluctuations under evolutionary pressure in Cournot competition
• Experimentation, imitation, and stochastic stability
• Experimentation, imitation, and stochastic stability: Addendum
• Learning, Mutation, and Long Run Equilibria in Games
• Markov Chains with Continuous Components
• Markov chains and stochastic stability
• The Evolution of Conventions
• The Evolution of Walrasian Behavior
• The evolution of Walrasian behavior in oligopolies

Cited in

(13)

• WELFARE IMPLICATIONS OF HETEROGENEOUS LABOR MARKETS IN A CURRENCY AREA
• QUADRATIC LABOR ADJUSTMENT COSTS, BUSINESS CYCLE DYNAMICS, AND OPTIMAL MONETARY POLICY
• Obtaining Strategic Advantage from Being Imitated: When Can Encouraging “Clones” Pay?
• Altruistic versus egoistic behavior in a public good game
• On the role of the group composition for achieving optimality
• The Cricket and the Ant: Organizational Trade-offs in Changing Environments
• Imitation by price and quantity setting firms in a differentiated market
• Imitation and experimentation in changing contests
• Dynamic exploitation of myopic best response
• Beatable imitation in symmetric games with perturbed payoffs
• Cooperation through imitation and exclusion in networks
• Imitators and optimizers in Cournot oligopoly
• Stochastic adaptation in finite games played by heterogeneous populations

Describes a project that uses

Uses Software

• IMITATOR

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