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Nash equilibrium is a game equilibrium where it is not rational for any player to deviate from their present strategy, provided that the others adhere to their strategies. An ESS is a state of game dynamics where, in a very large population of competitors, another mutant strategy cannot successfully enter the population to disturb the existing ...
Despite the great potential complexity and diversity of biological networks, all first-order network behavior generalizes to one of four possible input-output motifs: hyperbolic or Michaelis–Menten, ultra-sensitive, bistable, and bistable irreversible (a bistability where negative and therefore biologically impossible input is needed to return from a state of high output).
In most simple microeconomic stories of supply and demand a static equilibrium is observed in a market; however, economic equilibrium can be also dynamic. Equilibrium may also be economy-wide or general, as opposed to the partial equilibrium of a single market. Equilibrium can change if there is a change in demand or supply conditions.
The balance of nature, also known as ecological balance, is a theory that proposes that ecological systems are usually in a stable equilibrium or homeostasis, which is to say that a small change (the size of a particular population, for example) will be corrected by some negative feedback that will bring the parameter back to its original "point of balance" with the rest of the system.
Evolutionarily stable strategies were defined and introduced by John Maynard Smith and George R. Price in a 1973 Nature paper. [2] Such was the time taken in peer-reviewing the paper for Nature that this was preceded by a 1972 essay by Maynard Smith in a book of essays titled On Evolution. [1]
Donnan equilibrium across a cell membrane (schematic). The Gibbs–Donnan effect (also known as the Donnan's effect, Donnan law, Donnan equilibrium, or Gibbs–Donnan equilibrium) is a name for the behaviour of charged particles near a semi-permeable membrane that sometimes fail to distribute evenly across the two sides of the membrane. [1]
To deal with over-production, Pigou recommends a tax placed on the offending producer. If the government can accurately gauge the social cost, the tax could equalize the marginal private cost and the marginal social cost. In more specific terms, the producer would have to pay for the non-pecuniary externality that it created.
When the species abundances of an ecological system are treated with a set of differential equations, it is possible to test for stability by linearizing the system at the equilibrium point. [7] Robert May used this stability analysis in the 1970s which uses the Jacobian matrix or community matrix to investigate the relation between the ...