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JET
2016

Fast convergence in evolutionary models: A Lyapunov approach

8 years 20 days ago
Fast convergence in evolutionary models: A Lyapunov approach
Evolutionary models in which N players are repeatedly matched to play a game have “fast convergence” to a set A if the models both reach A quickly and leave A slowly, where “quickly” and “slowly” refer to whether the expected hitting and exit times remain bounded when N tends to infinity. We provide simple and general Lyapunov criteria which are sufficient for reaching quickly and leaving slowly. We use these criteria to determine aspects of learning models that promote fast convergence.
Glenn Ellison, Drew Fudenberg, Lorens A. Imhof
Added 06 Apr 2016
Updated 06 Apr 2016
Type Journal
Year 2016
Where JET
Authors Glenn Ellison, Drew Fudenberg, Lorens A. Imhof
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