Microscopic Foundation of Stochastic Game Dynamical Equations

Vienna Circle Institute Yearbook 5:211-224 (1998)
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Abstract

Since von Neumann and Morgenstern initiated the field of game theory,1 it has often proved of great value for the quantitative description and understanding of competition and co-operation between individuals. Game theory focusses on two questions: 1. Which is the optimal strategy in a given situation? 2. What is the dynamics of strategy choices in cases of repeatedly interacting individuals? In this connection game dynamical equations2 find a steadily increasing interest. Although they agree with the replicator equations of evolution theory , they cannot be justified in the same way. Therefore, we will be looking for a foundation of the game dynamical equations which is based on individual actions and decisions

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