Evolutionary game theory and evolutionary economics: are they different species?

G.M. Hodgson, K. Huang

    Research output: Contribution to journalArticlepeer-review

    41 Citations (Scopus)

    Abstract

    Evolutionary game theory and evolutionary economics seem to inhabit different academic spheres and have little collaboration with one another. Neither side cites much research by the other. Does this de facto academic separation impede fruitful possibilities for mutual inspiration and joint development? This paper addresses this question by considering (1) the different origins and research orientations of the two genres, (2) to what extent evolutionary economists could make use of evolutionary game theory, and (3) what evolutionary game theorists might learn from other, less formal, modes of theorising. The paper concludes that while significant possibilities for collaboration exist, the foremost test is whether they can help enhance our understanding of structures and causal processes in the real world
    Original languageEnglish
    Pages (from-to)345-366
    Number of pages22
    JournalJournal of Evolutionary Economics
    Volume22
    Issue number2
    Early online date19 Nov 2010
    DOIs
    Publication statusPublished - 2012

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