6 Evolutionary games
Evolutionary-game theory has been developed as a mathematical framework to study the interaction among rational biological agents in a population . In evolutionary-game theory, the agent adapts (i.e., evolves) the chosen strategy based on its fitness (i.e., payoff). In this way, both static and dynamic behavior (e.g., equilibrium) of the game can be analyzed.
Evolutionary-game theory has the following advantages over the traditional non-cooperative game theory we have studied in the previous chapters: