Evolutionary game theory

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

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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: 27 Aug 2021 17:36
URI: https://pure.iiasa.ac.at/5702

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