NDLI: Stochasticity and Time Delays in Evolutionary Games

Content Provider	Springer Nature Link
Author	Miȩkisz, Jacek Wesołowski, Sergiusz
Copyright Year	2011
Abstract	We discuss combined effects of stochasticity and time delays in simple evolutionary games with a unique mixed evolutionarily stable strategy. We present three models of time-delay stochastic dynamics of finite well-mixed or random-matching populations. We show that in the first two models the evolutionarily stable strategy loses its stability and there appears a stable cycle around it with the time period and the amplitude proportional to the delay. In the third model, only one randomly chosen individual can update his strategy at a time. This slows down the dynamics and makes the evolutionarily stable strategy stable with respect to both time delay and stochastic perturbations.
Starting Page	440
Ending Page	448
Page Count	9
File Format	PDF
ISSN	21530785
Journal	Dynamic Games and Applications
Volume Number	1
Issue Number	3
e-ISSN	21530793
Language	English
Publisher	SP Birkhäuser Verlag Boston
Publisher Date	2011-09-01
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Evolutionary game theory Time delay Stochastic dynamics Stochastic stability Stable cycles Computer Systems Organization and Communication Networks Communications Engineering, Networks Operations Research, Management Science Game Theory, Economics, Social and Behav. Sciences Game Theory/Mathematical Methods Economics/Management Science
Content Type	Text
Resource Type	Article
Subject	Applied Mathematics Statistics and Probability Computer Graphics and Computer-Aided Design Economics and Econometrics Computational Theory and Mathematics Computational Mathematics Computer Science Applications

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