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Smart Representations: Rationality and Evolution in a Richer Environment
Published online by Cambridge University Press: 01 January 2022
Abstract
Standard applications of evolutionary game theory look at a single game and focus on the evolution of behavior for that game alone. Instead, this article uses tools from evolutionary game theory to study the competition between choice mechanisms in a rich and variable multigame environment. A choice mechanism is a way of subjectively representing a decision situation, paired with a method for choosing an act based on this subjective representation. We demonstrate the usefulness of this approach by a case study that shows how subjective representations in terms of regret that differ from the actual fitness can be evolutionarily advantageous.
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