Comment on Imitation processes with small mutations [J. Econ. Theory 131 (2006) 251-262]

• 成果类型: Article
• 署名作者: McAvoy, Alex
• 署名单位: University of British Columbia
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2015.05.012
• 发表日期: 2015
• 页码: 66-69
• 关键词: imitation dynamics; Stochastic processes

摘要

We give an alternative proof of a result of Fudenberg and Imhof (2006) on the embedded Markov chain of an imitation process with small mutations. Our proof also extends this result to more general imitation processes that, with rare mutations, have unique stationary distributions but are not necessarily irreducible. (C) 2015 Elsevier Inc. All rights reserved.