Evolutionary Games And Equilibrium Selection

The author examines the interplay between evolutionary game theory and the equilibrium selection problem in noncooperative games.

List of contents

Part 1 Introduction: game theory; equilibrium; evolutionary games; evolution; evolution and equilibrium; the path ahead. Part 2 The evolution of models: evolutionarily stable strategies; alternative notions of evolutionary stability; synamic systems. Part 3 A model of evolution: the aspiration and imitation model; time; sample paths; stationary distributions; limits. Appendix: proofs. Part 4 The dynamics of sample paths: dynamics; equilibrium; strictly dominated strategies; weakly dominated strategies. Appendix: proofs. Part 5 The ultimatum game: the ultimatum game; an ultimatum minigame; numerical calculations; relevance to experimental data? leaving money on the table. Appendix: proofs. Part 6 Drift: introduction; the model; when can drift be ignored? when drift matters; examples; discussion. Part 7 Noise: the model; limit distributions; alternative best replies; trembles. Appendix: proofs. Part 8 Backward and forward induction: introduction; the model; recurrent outcomes; backward induction; forward induction; markets. appendix: proofs. Part 9 Strict Nash equilibria: a muddling model; dynamics; equilibrium selection; risk dominance; discussion.

About the author

Larry Samuelson is A. Douglas Melamed Professor of Economics at Yale University.

Summary

The author examines the interplay between evolutionary game theory and the equilibrium selection problem in noncooperative games.

Product details

• Authors: Larry Samuelson, Larry (Yale University) Samuelson
• Assisted by: Christopher Ansell (Editor)
• Publisher: The MIT Press
• Languages: English
• Product format: Paperback / Softback
• Released: 30.11.1998
• EAN: 9780262692199
• ISBN: 978-0-262-69219-9
• No. of pages: 328
• Dimensions: 153 mm x 230 mm x 17 mm
• Series: Economic Learning and Social Evolution; Economic Learning & Social Evo; Evolutionary Games and Equilibrium Selection; Economic Learning and Social Evolution; Economic Learning & Social Evo; Economic Learning and Social E
• Subjects: Education and learning > Teaching preparation > Vocational needs; Social sciences, law, business > Business > Economics