Evolution, Games, and Economic Behaviour

Evolution, Games, and Economic Behaviour

by Fernando Vega-Redondo (Editor)
Evolution, Games, and Economic Behaviour

Evolution, Games, and Economic Behaviour

by Fernando Vega-Redondo (Editor)

eBook

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Overview

This textbook for advanced undergraduate and postgraduate students of Evolutionary Game Theory covers recent developments in the field, with an emphasis on economic contexts and applications. It begins with the basic ideas as they originated within the field of theoretical biology and then proceeds to the formulation of a theoretical framework that is suitable for the study of social and economic phenomena from an evolutionary perspective. Core topics include the Evolutionary Stable Strategy (EES) and Replicator Dynamics (RD), deterministic dynamic models, and stochastic perturbations. A set of short appendices presents some of the technical material referred to in the main text. Evolutionary theory is widely viewed as one of the most promising appraoches to understanding bounded rationality, learning, and change in complex social environments. New avenues of research are suggested by Vega-Redondo, and plentiful exmples illustrate the theory's potential applications. The recent boom experienced by this dscipline makes the book's systematic presentation of its essential contributions vital reading for newcomer to the field.

Product Details

ISBN-13: 9780191525087
Publisher: OUP Oxford
Publication date: 09/26/1996
Sold by: Barnes & Noble
Format: eBook
Lexile: 1430L (what's this?)
File size: 4 MB

About the Author

University of Alicante

Table of Contents

1. Introduction2. Static Analysis3. Basic Dynamic Analysis4. Evolution in Social Environments5. Stochastic Evolution6. Evolution, Expectations, and DriftAppendices:Liapunov's TheoremA characterization of negative-definitenessLiouville's TheoremInvariant distribution
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