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Population Games and Deterministic Evolutionary Dynamics

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  • Sandholm, William H.

Abstract

Population games describe strategic interactions among large numbers of small, anonymous agents. Behavior in these games is typically modeled dynamically, with agents occasionally receiving opportunities to switch strategies, basing their choices on simple myopic rules called revision protocols. Over finite time spans the evolution of aggregate behavior is well approximated by the solution of a differential equation. From a different point of view, every revision protocol defines a map—a deterministic evolutionary dynamic—that assigns each population game a differential equation describing the evolution of aggregate behavior in that game.

Suggested Citation

  • Sandholm, William H., 2015. "Population Games and Deterministic Evolutionary Dynamics," Handbook of Game Theory with Economic Applications,, Elsevier.
  • Handle: RePEc:eee:gamchp:v:4:y:2015:i:c:p:703-778
    DOI: 10.1016/B978-0-444-53766-9.00013-6
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    12. Lahkar, Ratul & Sandholm, William H., 2008. "The projection dynamic and the geometry of population games," Games and Economic Behavior, Elsevier, vol. 64(2), pages 565-590, November.
    13. Reinoud Joosten, 2009. "Paul Samuelson's critique and equilibrium concepts in evolutionary game theory," Papers on Economics and Evolution 2009-16, Philipps University Marburg, Department of Geography.
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    More about this item

    Keywords

    Evolutionary game theory; Learning in games; Population games; Revision protocols; Deterministic evolutionary dynamics; Global convergence; Local stability; Nonconvergence; Stochastic processes; Dynamical systems;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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