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• W2290699518 abstract "Drift appears to be crucial to study the stability properties of Nash equilibria in a component specifying di®erent out-of-equilibrium behaviour. We propose a new microeconomic model of drift to be added to the learning process by which agentsnd their way to equilibrium. A key feature of the model is the sensitivity of the noisy agent to the proportion of agents in his player population playing the same strategy as his current one. We show that, 1. Perturbed Payo®-Positive and Payo® Monotone selection dynamics are capable of stabilizing pure non strict Nash equilibria in either singleton or nonsingleton component of equilibria; 2. The model is relevant to understand the role of drift in the behaviour observed in the laboratory for the Ultimatum Game and for predicting outcomes that can be experimentally tested. Hence, the selection dynamics model perturbed with the proposed drift may be seen as well as a new learning tool to understand observed behaviour." @default.
• W2290699518 created "2016-06-24" @default.
• W2290699518 creator A5004649659 @default.
• W2290699518 creator A5075664592 @default.
• W2290699518 date "2003-01-01" @default.
• W2290699518 modified "2023-09-23" @default.
• W2290699518 title "A Model of Evolutionary Drift" @default.
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• W2290699518 hasPublicationYear "2003" @default.
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