Abstract
After having derived some theoretical insights into the long run behavior of genetic algorithms in SDF systems, we will present in this chapter several simulations of the learning behavior of GAs in evolutionary games 1. The theory of evolutionary games was first developed for biological models, but has attracted more and more attention of economists in the last few years. It deals with situations where individuals get some payoff from their interaction with other members of the same population. In general, it is assumed that all individuals have the same set of strategies at their disposal, and that the payoff they receive depends only on the own strategy and the opponent’s strategy. For two-player games the payoffs can be written down in a payoff matrix and we call a game given by the set of strategies and the payoff matrix as a normal form game. We say that a game is an evolutionary game if the payoff of an individual is independent from the fact whether he is the first or the second player in the game. Thus, for every evolutionary game the payoff matrix of the second player is the transpose of the payoff matrix of the first player. In some cases it is assumed that each individual meets only one opponent in each period, where the matching is done randomly. Another possible setup is that every individual will play all other individuals in each period. We assume that the second setup holds, which implies that each individual plays against a virtual player who plays a mixed strategy corresponding to the population distribution.
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© 1996 Springer-Verlag Berlin Heidelberg
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Dawid, H. (1996). Genetic Learning in Evolutionary Games. In: Adaptive Learning by Genetic Algorithms. Lecture Notes in Economics and Mathematical Systems, vol 441. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-00211-7_5
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DOI: https://doi.org/10.1007/978-3-662-00211-7_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-61513-2
Online ISBN: 978-3-662-00211-7
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