Replicator Dynamics
Channel: Systems Innovation
Date: 2017-06-22

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The replicator equation is the first and most important game dynamic studied in connection with evolutionary game theory. The replicator equation and other deterministic game dynamics have become essential tools over the past 40 years in applying evolutionary game theory to behavioral models in the biological and social sciences. These models show the growth rate of the proportion of organisms using a certain strategy. As we will illustrate, this growth rate is equal to the difference between the average payoff of that strategy and the average payoff of the population as a whole.

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