Abstract
We observe that the imitation dynamics of Cubitt and Sugden (Review of Economic Studies, 1998, hereafter CS) is the same as the Replicator Dynamics for a certain class of games. Known results for such games then permit a more complete analysis of the CS imitation process, containing their results as special cases, and extending them considerably. We also offer a comment on the special role of "pure" prospects.
| Original language | English (US) |
|---|---|
| Journal | Economics Bulletin |
| Volume | 3 |
| Issue number | 1 |
| State | Published - 2003 |
ASJC Scopus subject areas
- General Economics, Econometrics and Finance