Evolutionary Game Theory: A General Review

Abstract

This article explores the Evolutionary Game Theory (now EGT), encompassing its historical underpinnings, recent advancements, and future potential. Originating in the 1970s through the pioneering work of John Maynard Smith and George R. Price, EGT leverages game-theoretic concepts to elucidate the evolution of strategies within various populations across biological, economic, and social domains. Notably, recent progress has seen the integration of advanced large language models (LLMs) such as GPT-3.5 and GPT-4 into agent-based simulations, thereby enriching the authenticity and intricacy of strategic interactions. Additionally, the study addresses the complexities associated with modeling diverse behaviors and bridging the insights derived from LLMs to practical applications in fields like biology, healthcare, education, and social sciences. Furthermore, it underscores the significance of interdisciplinary collaboration and innovative methodologies in addressing the multifaceted challenges within EGT. Finally, the article contemplates the potential avenues for future research, emphasizing the fusion of EGT with real-world applications and the necessity for comprehensive models that encompass the complexities of evolutionary dynamics in adaptive systems.