Evolutionary knowledge games in social networks

Evolutionary game theory expands into many areas beyond the biological concept of evolution, including sociology, economics and business management. In addition, social networks determine definite interactions between individuals in social settings. The common nature of these two broad areas of research raises interest in the application of evolutionary game theory approaches to social network-based problems. The recent research highlights the increasing importance of social networks in fostering creativity, generating technological and social innovations, and converting knowledge into commercial products and services. This study attempts to explore how networks relate to knowledge generation within the fields of business, management and economics. This study offers a simple model to examine the interaction of knowledge transfer and individual behavior in games of coordination. (C) 2015 Elsevier Inc All rights reserved.