A Comment on "The Selection of Preferences Through Imitation"
We observe that the imitation dynamics of Cubitt and Sugden (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 imitaion process, containing their results as special cases, and extending them considerably. We also offer a comment on the special role of "pure" prospects, and an as if interpretation of the CS process in terms of payoff-guided imitation.
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- K. Schlag, 2010.
"Why Imitate, and if so, How? Exploring a Model of Social Evolution,"
Levine's Working Paper Archive
454, David K. Levine.
- Schlag, Karl H., 1994. "Why Imitate, and if so, How? Exploring a Model of Social Evolution," Discussion Paper Serie B 296, University of Bonn, Germany.
- Fishburn, P. C., 1984. "Dominance in SSB utility theory," Journal of Economic Theory, Elsevier, vol. 34(1), pages 130-148, October.
- Karl H. Schlag, 1995.
"Why Imitate, and if so, How? A Bounded Rational Approach to Multi-Armed Bandits,"
Discussion Paper Serie B
361, University of Bonn, Germany, revised Mar 1996.
- Schlag, Karl H., 1998. "Why Imitate, and If So, How?, : A Boundedly Rational Approach to Multi-armed Bandits," Journal of Economic Theory, Elsevier, vol. 78(1), pages 130-156, January.
- Karl H. Schlag, . "Why Imitate, and if so, How? A Bounded Rational Approach to Multi- Armed Bandits," ELSE working papers 028, ESRC Centre on Economics Learning and Social Evolution.
- Yuzuru Sato & Eizo Akiyama & J. Doyne Farmer, 2001. "Chaos in Learning a Simple Two Person Game," Working Papers 01-09-049, Santa Fe Institute.
- Robin P. Cubitt & Robert Sugden, 1998. "The Selection of Preferences Through Imitation," Review of Economic Studies, Oxford University Press, vol. 65(4), pages 761-771.
- Jorgen W. Weibull, 1997. "Evolutionary Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262731215, March.
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