Evolutionarily Stable Strategies
Channel: Systems Innovation
Date: 2017-06-21

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The Evolutionarily Stable Strategy is very similar to Nash Equilibrium in classical Game Theory, with several additions. Nash Equilibrium is a game equilibrium where it is not rational for any player to deviate from their present strategy. An evolutionarily stable strategy here is a state of game dynamics where, in a very large population of competitors, another mutant strategy cannot successfully enter the population to disturb the existing dynamic. Indeed, in the modern view, equilibrium should be thought of as the limiting outcome of an unspecified learning or evolutionary process that unfolds over time. In this view, equilibrium is the end of the story of how strategic thinking, competition, optimization, and learning work, not the beginning or middle of a one-shot game.

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