Epstein Secrets

r example, coefficient ti in Antal et al, 2008). Wild and Traulsen (2007) argue that the general payoff

ecisions of humans (Fudenberg Sc Tirole 1991, Binmore 1994, Weibull 1995, Samuelson 1997, Binmore 2007). Evolutionary game theory was introduced by John Maynard Smith in order to explore the evolution of animal behavior (Maynard Smith Si Price 1973, Maynard Smith 1982, Houston & McNamara 1999, McNamara et al 1999

ero”, when they are revealed to have been running wild inside some hapless network or machine. That firs

ogical history, at our planet’s seething life at it’s most profound moments of transition, you find co-evolution in nearly every case. The biologists John Maynard Smith and Eors Szathmary, in their masterwork The Major Transitions in Evolution, chronicle the miraculous march of life towards ever-greater complexity —

ding. But like the frontier of the early American wild west, nature holds many secrets and surprises. So

. The first involved a marriage between economic game theory and evolutionary biology. This marriage was set up by the British evolutionary biologist John Maynard Smith who recognized that for any competitive interaction, there are different strategies, each with different payoffs. Some strategies are more costly, bu