Evolutionary Game Equilibrium of Project Economic Evaluation under Bounded Rationality

In the process of project economic evaluation, the information between company and Board of Censors is not symmetrical, and hence games will inevitably occur. In the meanwhile, either part will always try many times to apply a better strategy in this process to gain more interests according to their viewpoint or emphases. In this sense, project economic evaluation is the process of replicator dynamics of company and Board of Censors under bounded rationality. In this article, based on the evolutionary game theory, a evolutionary equilibrium model is offered. By analyzing the evolutionary stable strategy (ESS) of the model, some suggestions relating to the project economic evalua- tion of either part are brought forward in the end.