31 research outputs found
Negative externalities and evolutionary implementation
game theory;externalities
Pigouvian pricing and stochastic evolutionary implementation
pricing;game theory
The projection dynamic, the replicator dynamic and the geometry of population games
Every population game defines a vector field on the set of strategy distributions X. The
projection dynamic maps each population game to a new vector field: namely, the one closest
to the payoff vector field among those that never point outward from X. We investigate the
geometric underpinnings of the projection dynamic, describe its basic game-theoretic properties,
and establish a number of close connections between the projection dynamic and the replicator
dynamic
Markov evolution with inexact information
stochastic processes;game theory;information