Review
Abstract
Stochastic evolutionary game dynamics in hierarchy are very popular in economics and in management sciences. This study extends the model of stochastic evolutionary game dynamics. This paper highlights hierarchy selection model and we show that the hierarchy selection games are more stable without structures in this paper. Furthermore, an example in industrial organization is given to rationally explain the theory in this work.
Key words: Fitness, fixation probability, invasion, game theory, economics, hierarchy, evolutionary game.
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