Similarity solutions of a replicator dynamics equation associated with a continuum of pure strategies

We introduce a nonlinear degenerate parabolic equation containing a nonlocal term. The equation serves as a replicator dynamics model where the set of strategies is a continuum. In our model the payoff operator (which is the continuous analog of the payoff matrix) is nonsymmetric and, also, evolv...

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Bibliographic Details
Main Authors: Vassilis G. Papanicolaou, Kyriakie Vasilakopoulou
Format: Article
Language:English
Published: Texas State University 2015-09-01
Series:Electronic Journal of Differential Equations
Subjects:
Online Access:http://ejde.math.txstate.edu/Volumes/2015/231/abstr.html
Description
Summary:We introduce a nonlinear degenerate parabolic equation containing a nonlocal term. The equation serves as a replicator dynamics model where the set of strategies is a continuum. In our model the payoff operator (which is the continuous analog of the payoff matrix) is nonsymmetric and, also, evolves with time. We are interested in solutions u(t, x) of our equation which are positive and their integral (with respect to x) over the whole space is 1, for any t > 0. These solutions, being probability densities, can serve as time-evolving mixed strategies of a player. We show that for our model there is an one-parameter family of self-similar such solutions $u(t, x)$, all approaching the Dirac delta function $\delta(x)$ as $t \to 0^+$.
ISSN:1072-6691