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Many social systems consist of many selfish players. All players may not have the same sense of values, and players who have different senses of values can be considered to belong different populations. As a model of such systems, multipopulation replicator dynamics has been proposed. In general, the desirable state may not be realized in the systems of many selfish players. In order to realize the...
This paper uses evolutionary game theory to analyze cooperation and competition mechanisms of private finance and formal finance. The results show that the evolutionary direction of the financial system is related with payoff matrix of game, and subject to the initial state of the system. In addition, the co-generated excess profits, the initial cost of investment cooperation, as well as its discount...
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