We have been shaped both by biological evolution and the logic of strategic interaction that organizes our social world. In the Bounds of Reason , Herbert Gintis argues that the techniques of game theory, combined with evidence from experimental data on human psychology and behavior will provide a...
Evolution is based on the competition between individuals and therefore rewards only selfish behavior. How cooperation or altruism behavior could prevail in social dilemma then becomes a problematic issue. Game theory offers a powerful mathematical approach for studying social behavior. It has been widely...
Furthermore, stable payoff equilibriums have been shown for cooperation and altruism, behaviors that seem contradictory to the strongly supported individualistic, survival of the fittest mode of evolution3. Evolutionary games are often visually represented as a payoff matrix (Fig. 1a), in which...
Evolution is based on the competition between individuals and therefore rewards only selfish behavior. How cooperation or altruism behavior could prevail in social dilemma then becomes a problematic issue. Game theory offers a powerful mathematical approach for studying social behavior. It has been widely...
The rational choice theory is one of the theories that predicts humans’ and societies’ behaviors in the social sciences. The main hypothesis in the prediction of humans’ behavior is that these have an almost rational and targeted trend. In this theory, society is a set of the people, whic...
The rational choice theory is one of the theories that predicts humans’ and societies’ behaviors in the social sciences. The main hypothesis in the prediction of humans’ behavior is that these have an almost rational and targeted trend. In this theory, society is a set of the people, whic...
Game Theory and the strategic behavior of Oligopolies (English)Radović, Slađana
Evolutionary game theory is used to predict the behavior of individuals in populations (either of humans or other species) without relying on a detailed description of how these behaviors evolve over time (e.g., the replicator equation or the best response dynamics). For instance, if these beha...
Evolutionary game theory mathematically conceptualizes and analyzes biological interactions where one’s fitness not only depends on one’s own t