Skip to main content

Classical versus evolutionary game theory

Buy Article:

$18.94 plus tax (Refund Policy)

Classical and evolutionary game theory attempt to explain different phenomena. Classical game theory describes socially and temporally isolated encounters while evolutionary game theory describes macro-social behavioural regularities. The actors in classical game theory are payoff maximizers whose identity remains fixed during the course of play. By contrast, in evolutionary game theory, the players are constantly changing, and the central actor is a replicator -- an entity having some means of making approximately accurate copies of itself. However successful in its own realm, evolutionary game theory is ill-constructed to model the phenomena addressed by classical game theory. We must look to as yet undeveloped principles to achieve classical game theory's unfulfilled promise. I indicate a possibly fruitful step in this direction.
No References
No Citations
No Supplementary Data
No Article Media
No Metrics

Document Type: Review Article

Affiliations: Department of Economics, University of Massachusetts, Amherst, MA 01003, USA.

Publication date: 2000-01-01

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more