EVOLUTION, RATIONALITY AND EQUILIBRIUM IN GAMES

Evolutionary game theory studies the robustness of strategy profiles a nd sets of strategy profiles with respect to evolutionary forces in ga mes played repeatedly in large populations of boundedly rational agent s. The approach is macro-oriented in the sense of focusing on the stra tegy distribution in the interacting population(s). Some of the main f eatures of this approach are here outlined, and connections with learn ing models and standard notions of game-theoretic rationality and equi librium are discussed. Some desiderata and results for robust long-run predictions are considered. (C) 1998 Elsevier Science B.V. All rights reserved.