Economic Learning and Social Evolution

By: Larry Samuelson

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Paperback | 1 September 1998

At a Glance

Paperback
328 Pages

Edition Type
New edition

Age
18+

Dimensions(cm)
23.5 x 15.88 x 1.91

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

Evolutionary game theory is one of the most active and rapidly growing areas of research in economics. Unlike traditional game theory models, which assume that all players are fully rational and have complete knowledge of details of the game, evolutionary models assume that people choose their strategies through a trial-and-error learning process in which they gradually discover that some strategies work better than others. In games that are repeated many times, low-payoff strategies tend to be weeded out, and an equilibrium may emerge. Larry Samuelson has been one of the main contributors to the evolutionary game theory literature. In Evolutionary Games and Equilibrium Selection, he examines the interplay between evolutionary game theory and the equilibrium selection problem in noncooperative games. After providing an overview of the basic issues of game theory and a presentation of the basic models, the book addresses evolutionary stability, the dynamics of sample paths, the ultimatum game, drift, noise, backward and forward induction, and strict Nash equilibria.

Industry Reviews

"Larry Samuelson is one of the leading figures in the burgeoning field ofevolutionary game theory. This book is a careful and lucid exposition ofsome of the developments in which he has made pioneering contributions." Eric S. Maskin, Professor of Economics, Harvard University

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You Can Find This Book In

Non-Fiction Mathematics Optimisation Game Theory Economics Economic Theory & Philosophy

Series Foreword
Preface
Introduction	p. 1
The Evolution of Models	p. 37
A Model of Evolution	p. 83
The Dynamics of Sample Paths	p. 113
The Ultimatum Game	p. 139
Drift	p. 169
Noise	p. 205
Backward and Forward Induction	p. 239
Strict Nash Equilibria	p. 267
Conclusion	p. 291
References	p. 293
Index	p. 307
Table of Contents provided by Blackwell. All Rights Reserved.

Economic Learning and Social Evolution

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

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