ISBN:
9780444537676
Inhalt:
Population games describe strategic interactions among large numbers of small, anonymous agents. Behavior in these games is typically modeled dynamically, with agents occasionally receiving opportunities to switch strategies, basing their choices on simple myopic rules called revision protocols . Over finite time spans the evolution of aggregate behavior is well approximated by the solution of a differential equation. From a different point of view, every revision protocol defines a map—a deterministic evolutionary dynamic —that assigns each population game a differential equation describing the evolution of aggregate behavior in that game. In this chapter, we provide an overview of the theory of population games and deterministic evolutionary dynamics. We introduce population games through a series of examples and illustrate their basic geometric properties. We formally derive deterministic evolutionary dynamics from revision protocols, introduce the main families of dynamics—imitative/biological, best response, comparison to average payoffs, and pairwise comparison—and discuss their basic properties. Combining these streams, we consider classes of population games in which members of these families of dynamics converge to equilibrium; these classes include potential games, contractive games, games solvable by iterative solution concepts, and supermodular games. We relate these classes to the classical notion of an evolutionarily stable state and to recent work on deterministic equilibrium selection. We present a variety of examples of cycling and chaos under evolutionary dynamics, as well as a general result on survival of strictly dominated strategies. Finally, we provide connections to other approaches to game dynamics, and indicate applications of evolutionary game dynamics to economics and social science.
In:
Handbook of game theory with economic applications, Amsterdam : North Holland, 2014, (2015), Seite 703-778, 9780444537676
In:
0444537678
In:
year:2015
In:
pages:703-778
Sprache:
Englisch
DOI:
10.1016/B978-0-444-53766-9.00013-6
URL:
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