Evolutionary Game Analysis of Firms’ Technological Strategic Choices: A Perspective of the Behavioral Biases

<table class="table-group" id="tab1"><tr><td><table class="table"><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr class="thead"><td class="align_left" rowspan="2"> </td><td class="align_center" rowspan="2"> </td><td class="align_center" colspan="2">Firm <i>j</i></td></tr><tr class="thead"><td class="align_center">Innovation strategy (<i>C</i>)</td><td class="align_center">Imitation strategy (<i>M</i>)</td></tr><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr><td class="align_left" rowspan="2">Firm <i>i</i></td><td class="align_center">Innovation strategy (<i>C</i>)</td><td class="align_center"><span class="nowrap"><svg height="16.9233pt" id="M19" style="vertical-align:-5.003099pt" version="1.1" viewbox="-0.0498162 -11.9202 18.8894 16.9233" width="18.8894pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M574 449L545 460C526 432 516 430 487 430C404 430 311 435 226 435C104 435 56 379 25 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<div>The payoff matrix of the basic evolutionary game model.</div>

Complexity

tab1

Table 1

Table 1: Evolutionary Game Analysis of Firms’ Technological Strategic Choices: A Perspective of the Behavioral Biases 