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11. Evolutionary stability: cooperation, mutation, and equilibrium
11. Evolutionary stability: cooperation,  mutation, and equilibrium
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11. Evolutionary stability: cooperation, mutation, and equilibrium
Game Theory (ECON 159) We discuss evolution and game theory, and introduce the concept of evolutionary stability. We ask what kinds of strategies are evolutionarily stable, and how this idea from biology relates to concepts from economics like domination and Nash equilibrium. The informal argument relating these ideas toward at the end of his lecture contains a notation error [U(S,S') should be U(S',S)]. A more formal argument is provided in the supplemental notes. Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Fall 2007.
Channel: sciencestage.com
Category: Science
Video Length: 4327
Date Found: March 23, 2011
Date Produced: March 23, 2011
View Count: 0
 
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