Evolutionary game theory

Sigmund K & Nowak MA (1999). Evolutionary game theory. Current Biology 9 (14): R503-R505. DOI:10.1016/S0960-9822(99)80321-2.

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Abstract

Ever since Darwin read Malthus, the theory of evolution has benefited from the interaction of ecology with economics. Evolutionary game theory belongs to this tradition: it merges population ecology with game theory. Game theory originally addressed problems confronted by decision makers with diverging interests (for instance, firms competing for a market). The 'players' have to choose between strategies whose payoff depends on their rivals' strategies. This interdependence leads to a mutual 'outguessing', as with chess (she thinks that I think that she thinks...). There usually is no solution that is unconditionally optimal, no matter what the co-players are doing.

In the context of evolutionary biology, the two basic notions of game theory, namely strategy and payoff, have to be re-interpreted. ...

Item Type: Article
Research Programs: Adaptive Dynamics Network (ADN)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:10
Last Modified: 26 Aug 2016 11:56
URI: http://pure.iiasa.ac.at/5702

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