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On the Relationship between Mutation Rates and Growth Rates in a Changing Environment

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  • Ben-Porath Elchanan
  • Dekel Eddie
  • Rustichini Aldo

Abstract

In recent dynamic models of learning and evolution a rate of mutation is usually assumed to be fixed. In this paper we use an evolutionary model to examine how the outcome of the dynamic process depends on the rate of change. In particular we examine how the log run growth rate of the population depends on the mutation rate. Insofar as evolutionary forces are likely to select mutation rates that maximize the population growth rate, our analysis sheds light on what rates of change might evolve.
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  • Ben-Porath Elchanan & Dekel Eddie & Rustichini Aldo, 1993. "On the Relationship between Mutation Rates and Growth Rates in a Changing Environment," Games and Economic Behavior, Elsevier, vol. 5(4), pages 576-603, October.
    • Handle: RePEc:eee:gamebe:v:5:y:1993:i:4:p:576-603
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    Cited by:

    1. Robson, Arthur J. & Samuelson, Larry, 2019. "Evolved attitudes to idiosyncratic and aggregate risk in age-structured populations," Journal of Economic Theory, Elsevier, vol. 181(C), pages 44-81.
    2. Heller, Dana, 2004. "An evolutionary approach to learning in a changing environment," Journal of Economic Theory, Elsevier, vol. 114(1), pages 31-55, January.
    3. Klumpp, Tilman, 2006. "Linear learning in changing environments," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2577-2611, December.
    4. Curry, Philip A., 2001. "Decision Making under Uncertainty and the Evolution of Interdependent Preferences," Journal of Economic Theory, Elsevier, vol. 98(2), pages 357-369, June.

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