An Effective Replicator Equation for Games with a Continuous Strategy Set

An Effective Replicator Equation for Games with a Continuous Strategy Set

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Article ID: iaor201526266
Volume: 5
Issue: 2
Start Page Number: 157
End Page Number: 179
Publication Date: Jun 2015
Journal: Dynamic Games and Applications
Authors: ,
Keywords: competitive strategy, strategy, partial differential equations (PDE)
Abstract:

The replicator equation for a two‐person symmetric game, which has an interval of the real line as strategy space, is extended with a mutation term. Assuming that the distribution of the strategies has a continuous density, a partial differential equation for this density is derived. The equation is analysed for two examples. A connection is made with the canonical equation from adaptive dynamics and the continuous stable strategy criterion.

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