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Lecture 11 - Evolutionary stability: cooperation, mutation, and equilibrium

This video was recorded at ECON 159 - Game Theory. 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(Ŝ,S') should be U(S',Ŝ)]. A more formal argument is provided in the supplemental notes. Reading assignment: Handout on ESS in Pure Strategies Resources: Handout on ESS in Pure Strategies [PDF] Problem Set 5 [PDF] Blackboard Notes Lecture 11[PDF]

Keywords:: videolectures, ocwc, oec

Disciplines:

Mathematics and Statistics / Mathematics / Discrete Mathematics / Game Theory

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Material Type:: Presentation
Date Added to MERLOT:: February 10, 2015
Date Modified in MERLOT:: February 10, 2015
Author:: Benjamin Polak, Department of Economics, Yale University
Submitter:: The Open Education Consortium
Primary Audience:: College General Ed, College Lower Division, College Upper Division
Technical Format:: Video

Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: No
Accessibility Information Available:: Unknown
Creative Commons:: This work is licensed under a Attribution-NonCommercial-NoDerivs 3.0 United States