Evolutionary Games and Equilibrium Selection

Language: English

Published by MIT Press, 1998

0262692198 / 9780262692199

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nach der Bestellung gedruckt Neuware - Printed after ordering - 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.

Seller Inventory # 9780262692199

Title
Evolutionary Games and Equilibrium Selection
Author
Larry Samuelson
Publisher
MIT Press
Publication year
1998
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
0262692198
ISBN 13
9780262692199
Item weight
474 grams
Dimensions
229x152x18 mm

AHA-BUCH GmbH

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