3 years ago

Mean-potential law in evolutionary games.

Jacek Miękisz, Paweł Nałęcz-Jawecki

The Letter presents a novel way to connect random walks, stochastic differential equations, and evolutionary game theory. We introduce a new concept of potential function for discrete-space stochastic systems. It is based on a correspondence between one-dimensional stochastic differential equations and random walks, which may be exact not only in the continuous limit but also in finite-state spaces. Our method is useful for computation of fixation probabilities in discrete stochastic dynamical systems with two absorbing states. We apply it to evolutionary games, formulating two simple and intuitive criteria for evolutionary stability of pure Nash equilibria in finite populations. In particular, we show that the $1/3$ law of evolutionary games, introduced by Nowak et al [Nature, 2004], follows from a more general mean-potential law.

Publisher URL: http://arxiv.org/abs/1801.08010

DOI: arXiv:1801.08010v1

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