Assume a large population. There is a finite set of strategies S : { s1, ... , sn } adopted by each agent. The system evolves according to replicator dynamics (see equations below). The system is in equilibrium. We now introduce an new agent with strategy sw for which holds: πi

Question

Assume a large population. There is a finite set of strategies S : { s1, ... , sn } adopted by each agent. The system evolves according to replicator dynamics (see equations below). The system is in equilibrium. We now introduce an new agent with strategy sw for which holds: πi<πw,∀i.

Which of the following statements is correct (multiple answers possible):

BlackTom AI · Accepted Answer

To analyze the given scenario, we recall the core idea of replicator dynamics: the growth rate of a strategy equals its payoff advantage over the average payoff of the population. Here, a new strategy sw is introduced with payoff πw that strictly exceeds every existing πi (πi < πw for all i).

Option 1: 'We will observe logistic growth of the newly introduced strategy.'
- In replicator dynamics, the change in frequency of sw is governed by xw dot = xw (πw − π̄), where π̄ is the average payoff across all strategies weighted by their frequencies. Since πw > πi for all i, and as long as there is more than one strategy present, π̄ will be a weighted average that is less than πw. Therefore, xw will increase over time. However, calling this specific trajectory 'logistic growth' is not generally accurate. The standard logistic form is dx/dt = r x (1 − x) for a single competing type with carrying capacity. Replicator dynamics does not reduce to the classic logistic equation unless you impose particular symmetric conditions and normalize payoffs in a specific way. Thus, while sw's frequency increases, describing it as logistic growth is not generally correct or guaranteed by the model. This option is misleading as a blanket statement.

Option 2: 'If π1 ≤ … ≤ πn ≤ πw, the population in equilibrium has each strategy represented according to their payoffs.'
- In an evolutionary setting with a strictly higher payoff for sw, the replicator dynamics drive the system toward the strategy with the highest payoff. When πw > πi for all i, the only stable equilibrium is xw = 1 and xi = 0 for all i ≠ w. The statement that the equilibrium has each strategy represented according to their payoffs would require that the population maintain a distribution reflecting payoffs across all strategies, which contradicts the invasion success of the superior payoff sw. Therefore, this option is incorrect.

Additional clarifications to prevent common misconceptions:
- A mutant with the strictly highest payoff does invade and tends toward fixation; fixation does not imply a mixed equilibrium unless there are constraints such as identical payoffs or frequency-dependent effects that balance. Here, the condition πw > πi removes such balance.
- The term 'equilibrium' in replicator dynamics typically refers to a fixed point in the frequency space. With a strict payoff ordering πw > πi, the fixed point with xw = 1 is the natural stable equilibrium, not a mixed representation proportional to payoffs.

In summary, neither option aligns with the standard predictions of replicator dynamics under the given payoff ordering, where the superior strategy sw would dominate in the long run, leading to fixation rather than logistic-like growth or a payoff-proportional mixed equilibrium.

5284AGBM6Y Agent-based Modelling Practice Quiz v2

View Explanation

Log in for full answers

Similar Questions

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

Under the assumptions used in cost-volume-profit analysis, as the activity increases:

The CVP and break-even analysis are supported by a range of important assumptions. Which of the following is not an assumption of the CVP:

The break-even point is that at which:

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler