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Imitation Dynamics with Spatial Poisson-Distributed Review and Mutation Rates

Author

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  • Desirée Desierto

    (School of Economics, University of the Philippines Diliman)

Abstract
Using spatial Poisson processes, we re-interpret the Imitation Dynamics and show how the spatial clustering of players affects both the selection of strategies and the speed by which they replicate. We find that the more clustered are the players, (a) the faster the evolution of strategies and (b) if some players have inherent preferences for a strategy, the greater the probability of mutation into, and selection of, that preferred strategy.

Suggested Citation

  • Desirée Desierto, 2012. "Imitation Dynamics with Spatial Poisson-Distributed Review and Mutation Rates," UP School of Economics Discussion Papers 201204, University of the Philippines School of Economics.
    • Handle: RePEc:phs:dpaper:201204
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    File URL: http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/687
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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