one charm of evolutionary game theory is that


 

One charm of evolutionary game theory is that it permits for relaxation of the normal fully-informed rational actor assumption. People, or agents, are assumed to be myopic, within the sense that strategy choice is driven by natural choice, imitation, or genetics, and not inductive reasoning. Nevertheless, in several settings, evolutionary approaches reaffirm ancient answer ideas because the population, eventually, plays Nash equilibrium methods.

 

Request for Solution File

Ask an Expert for Answer!!
Game Theory: one charm of evolutionary game theory is that
Reference No:- TGS0156936

Expected delivery within 24 Hours