Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
956857 | Journal of Economic Theory | 2015 | 4 Pages |
Abstract
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alex McAvoy,