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

changing environmentsevolutionheterogeneous learning rulesimitationoptimization

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26)

Recommendations

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

Cites work

• A Rational Route to Randomness
• Endogenous fluctuations under evolutionary pressure in Cournot competition
• Experimentation, imitation, and stochastic stability
• Experimentation, imitation, and stochastic stability: Addendum
• 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?)
• Learning, Mutation, and Long Run Equilibria in Games
• Markov chains and stochastic stability
• Markov Chains with Continuous Components
• The Evolution of Conventions
• The Evolution of Walrasian Behavior
• The evolution of Walrasian behavior in oligopolies

Cited in

(14)

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

Describes a project that uses

Uses Software

• IMITATOR

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