Evolutionary Games and Equilibrium Selection

Author/creator Samuelson, Larry Author
Format Electronic
Publication InfoCambridge : MIT Press
Description328 p. ill 08.900 x 05.900 in.
Supplemental ContentFull text available from eBooks on EBSCOhost
Subjects

SeriesEconomic Learning and Social Evolution Ser.
Summary Annotation <p>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.</p>
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9780262692199
ISBN0262692198 (Trade Paper) Active Record
Standard identifier# 9780262692199
Stock number00015994

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