The Replicator equation is the first and most important game dynamic studied in connection with evolutionary game theory. The replicator equation and other deterministic game dynamics have become essential tools over the past 40 years in applying … Read the rest
As we saw in the previous chapter on evolutionary games, when everyone was playing a random strategy it was best to play a Tit for Tat strategy. When everyone was playing a Tit for Tat strategy it was … Read the rest
Classical game theory was developed during the mid 20th century primarily for application in economics and political science. But in the 1970s a number of biologists started to recognize how similar the games being studied were to … Read the rest
Throughout this section of the course , we have been talking about cooperation and different aspects of the social dilemma. In this video, we will look at various approaches that have been identified for fostering the cooperation required … Read the rest
The game theoretical version of the social dilemma is called the public goods game. Public goods games are usually employed to model the behavior of groups of individuals achieving a common goal. The public goods game has the same properties … Read the rest
Game theory is the study of interdependent interactions between adaptive agents, and when we look at these interactions between agents in the world around us we see elements of both competition and cooperation.
As we talked about in the last video, the central aim in non-cooperative game theory is in trying to find the optimal strategy for agents to play within a game and trying to predict the outcomes of the … Read the rest