Lecture 11: Evolutionary Stability: Cooperation, Mutation, and Equilibrium (ECON 159)
Introduces the concept of evolutionary stability, examining how it relates to economic principles like domination and Nash equilibrium within biological contexts.
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(Ŝ,S') should be U(S',Ŝ)]. A more formal argument is provided in the supplemental notes.
Lecture 10: Mixed Strategies in Baseball, Dating, and Paying Your Taxes (ECON 159)
Next · Lecture 12Lecture 12: Evolutionary Stability: Social Convention, Aggression, and Cycles (ECON 159)