We study the stochastic evolution of four species in cyclic competition in a
well mixed environment. In systems composed of a finite number N of particles
these simple interaction rules result in a rich variety of extinction
scenarios, from single species domination to coexistence between
non-interacting species. Using exact results and numerical simulations we
discuss the temporal evolution of the system for different values of N, for
different values of the reaction rates, as well as for different initial
conditions. As expected, the stochastic evolution is found to closely follow
the mean-field result for large N, with notable deviations appearing in
proximity of extinction events. Different ways of characterizing and predicting
extinction events are discussed.Comment: 19 pages, 6 figures, submitted to J. Stat. Mec