Match choice and Ghettoization in evolutionary games (Q1877155)

This paper discusses an extensive literature survey on evolution dynamics and equilibrium selection processes for large populations done by other authors. Using their idea, the authors developed models that have the features of the agent playing efficiently does not make efficient strategy to learn about or to adopt the long term prediction. The idea made is the rate at which a strategy is adopted may depend not just on its pay offs but also on how it is to learn. In this model the difficulty of learning different strategies emerges endogenously from the decisions of individual agents about who to interact with. A number of theorems and their illustration has been shown in the paper so that the reader could get the insight of the paper.