G.R. Price's scientific contributions

Citations

... But in reality, it is difficult for each participant to be completely rational and have perfect foresight and hindsight [8]. Therefore, the evolutionary game theory based on the assumption that stakeholders have bounded rationality was first proposed by Smith and Price in 1973 [40]. In the evolutionary game theory, participants dynamically adjust their choices through continuous experimentation to finally seek evolutionary stability strategies [43], and the causes and influencing factors of stable states are identified and analyzed [9]. ...