Similarity solutions of a replicator dynamics equation associated with a continuum of pure strategies

MaRDI QIDQ3456980zbMATH OpenFDO

Authors Kyriakie Vasilakopoulou, Vassilis G. Papanicolaou

Publication date 10 December 2015

Full work available at URL https://arxiv.org/abs/1412.4347, http://www.emis.de/journals/EJDE/2015/231/abstr.html

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zbMATH Keywords

nonlocal termprobability densities evolving in time

Mathematics Subject Classification ID

Self-similar solutions to PDEs (35C06) Degenerate parabolic equations (35K65) Evolutionary games (91A22) Special types of economic equilibria (91B52)

Abstract: We introduce a nonlinear degenerate parabolic equation containing a nonlocal term. The equation serves as a replicator dynamics model where the set of strategies is a continuum. In our model the payoff operator (which is the continuous analog of the payoff matrix) is nonsymmetric and, also, evolves with time. We are interested in solutions $u(t,x)$ of our equation which are positive and their integral (with respect to $x$) over the whole space is $1$, for any $t>0$. These solutions, being probability densities, can serve as time-evolving mixed strategies of a player. We show that for our model there is an one-parameter family of self-similar such solutions $u(t,x)$, all approaching the Dirac delta function $delta(x)$ as $to{0}^{+}$.

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