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.
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"Larry Samuelson is one of the leading figures in the burgeoning field ofevolutionary game theory. This book is a careful and lucid exposition ofsome of the developments in which he has made pioneering contributions." Eric S. Maskin, Professor of Economics, Harvard University
About the Author
Larry Samuelson is A. Douglas Melamed Professor of Economics at Yale University.
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22 of 27 people found the following review helpful:
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This review is from: Evolutionary Games and Equilibrium Selection (Economic Learning and Social Evolution) (Hardcover)
During the work on my master thesis ("Learning in strategic games") i bought several books about the topic. This is the one of them. This book has lots of theory in it and don't try reading if you are not mathematician with solid understanding of classic game theory concepts and theorems. However, this book gives also very good ides for practical usage (I was writing a C program and I used some of these ideas to make mty learning more sophisticated).
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This book examines the interplay between evolutionary game theory and the equilibrium selection problem in noncooperative games. Read the first page Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
This book examines the interplay between evolutionary game theory and the equilibrium selection problem in noncooperative games. Read the first page Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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47
books
cite this book:
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- The Evolution of Economic Diversity (Routledge Siena Studies in Political Economy) by Antonio Nicita on page 323, page 343, and page 395
- Missing the Revolution: Darwinism for Social Scientists by Jerome H. Barkow on page 8, and page 58
- Daniel Dennett (Contemporary Philosophy in Focus) by Andrew Brook on page 183
- Learning and Adaption in Multi-Agent Systems: First International Workshop, LAMAS 2005, Utrecht, The Netherlands, July 25, 2005, Revised Selected ... / Lecture Notes in Artificial Intelligence) by Karl Tuyls on page 38
- Evolutionary Game Theory, Natural Selection, and Darwinian Dynamics by Thomas L. Vincent in Back Matter
See all 47 books citing this book
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