Evolution Games And Economic Behaviour

Author : Fernando Vega-Redondo
Publisher : OUP Oxford
Page : 220 pages
File Size : 55,8 Mb
Release : 1996-09-26
Category : Business & Economics
ISBN : 9780191525087

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Evolution, Games, and Economic Behaviour by Fernando Vega-Redondo Pdf

This textbook for advanced undergraduate and postgraduate students of Evolutionary Game Theory covers recent developments in the field, with an emphasis on economic contexts and applications. It begins with the basic ideas as they originated within the field of theoretical biology and then proceeds to the formulation of a theoretical framework that is suitable for the study of social and economic phenomena from an evolutionary perspective. Core topics include the Evolutionary Stable Strategy (EES) and Replicator Dynamics (RD), deterministic dynamic models, and stochastic perturbations. A set of short appendices presents some of the technical material referred to in the main text. Evolutionary theory is widely viewed as one of the most promising appraoches to understanding bounded rationality, learning, and change in complex social environments. New avenues of research are suggested by Vega-Redondo, and plentiful exmples illustrate the theory's potential applications. The recent boom experienced by this dscipline makes the book's systematic presentation of its essential contributions vital reading for newcomer to the field.

Author : Fernando Vega-Redondo
Publisher : Oxford University Press
Page : 222 pages
File Size : 40,5 Mb
Release : 1996-09-26
Category : Business & Economics
ISBN : 9780198774730

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Evolution, Games, and Economic Behaviour by Fernando Vega-Redondo Pdf

This textbook for advanced undergraduate and postgraduate students of Evolutionary Game Theory covers recent developments in the field, with an emphasis on economic contexts and applications. It begins with the basic ideas as they originated within the field of theoretical biology and then proceeds to the formulation of a theoretical framework that is suitable for the study of social and economic phenomena from an evolutionary perspective. Core topics include the EvolutionaryStable Strategy (EES) and Replicator Dynamics (RD), deterministic dynamic models, and stochastic perturbations. A set of short appendices presents some of the technical material referred to in the main text.Evolutionary theory is widely viewed as one of the most promising appraoches to understanding bounded rationality, learning, and change in complex social environments. New avenues of research are suggested by Vega-Redondo, and plentiful exmples illustrate the theory's potential applications. The recent boom experienced by this dscipline makes the book's systematic presentation of its essential contributions vital reading for newcomer to the field.

Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 53,9 Mb
Release : 1996
Category : Electronic
ISBN : OCLC:475414745

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Evolution, Games, and Economic Behaviour by Anonim Pdf

Author : John Maynard Smith
Publisher : Cambridge University Press
Page : 244 pages
File Size : 46,6 Mb
Release : 1982-10-21
Category : Science
ISBN : 0521288843

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Evolution and the Theory of Games by John Maynard Smith Pdf

This 1982 book is an account of an alternative way of thinking about evolution and the theory of games.

Author : Larry Samuelson
Publisher : MIT Press
Page : 332 pages
File Size : 50,8 Mb
Release : 1997
Category : Business & Economics
ISBN : 0262692198

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Evolutionary Games and Equilibrium Selection by Larry Samuelson Pdf

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.

Author : William H. Sandholm
Publisher : MIT Press
Page : 618 pages
File Size : 42,9 Mb
Release : 2010-12-17
Category : Business & Economics
ISBN : 9780262195874

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Population Games and Evolutionary Dynamics by William H. Sandholm Pdf

Evolutionary game theory studies the behaviour of large populations of strategically interacting agents & is used by economists to predict in settings where traditional assumptions about the rationality of agents & knowledge may be inapplicable.

Author : John von Neumann,Oskar Morgenstern
Publisher : Princeton University Press
Page : 774 pages
File Size : 51,7 Mb
Release : 2007-03-19
Category : Business & Economics
ISBN : 9781400829460

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Theory of Games and Economic Behavior by John von Neumann,Oskar Morgenstern Pdf

This is the classic work upon which modern-day game theory is based. What began more than sixty years ago as a modest proposal that a mathematician and an economist write a short paper together blossomed, in 1944, when Princeton University Press published Theory of Games and Economic Behavior. In it, John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences. This sixtieth anniversary edition includes not only the original text but also an introduction by Harold Kuhn, an afterword by Ariel Rubinstein, and reviews and articles on the book that appeared at the time of its original publication in the New York Times, tthe American Economic Review, and a variety of other publications. Together, these writings provide readers a matchless opportunity to more fully appreciate a work whose influence will yet resound for generations to come.

Author : John Von Neumann,Oskar Morgenstern
Publisher : Unknown
Page : 684 pages
File Size : 42,8 Mb
Release : 1967
Category : Business & Economics
ISBN : STANFORD:36105115216330

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Theory of Games and Economic Behavior by John Von Neumann,Oskar Morgenstern Pdf

This is the classic work upon which modern-day game theory is based. What began more than sixty years ago as a modest proposal that a mathematician and an economist write a short paper together blossomed, in 1944, when Princeton University Press published Theory of Games and Economic Behavior. In it, John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences.

Author : Steven N. Durlauf,Lawrence E. Blume
Publisher : Springer
Page : 379 pages
File Size : 50,6 Mb
Release : 2016-07-14
Category : Literary Criticism
ISBN : 9780230280847

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Game Theory by Steven N. Durlauf,Lawrence E. Blume Pdf

Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.

Author : Daniel Friedman,Barry Sinervo
Publisher : Oxford University Press
Page : 320 pages
File Size : 40,8 Mb
Release : 2016-02-01
Category : Business & Economics
ISBN : 9780199981175

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Evolutionary Games in Natural, Social, and Virtual Worlds by Daniel Friedman,Barry Sinervo Pdf

Over the last 25 years, evolutionary game theory has grown with theoretical contributions from the disciplines of mathematics, economics, computer science and biology. It is now ripe for applications. In this book, Daniel Friedman---an economist trained in mathematics---and Barry Sinervo---a biologist trained in mathematics---offer the first unified account of evolutionary game theory aimed at applied researchers. They show how to use a single set of tools to build useful models for three different worlds: the natural world studied by biologists; the social world studied by anthropologists, economists, political scientists and others; and the virtual world built by computer scientists and engineers. The first six chapters offer an accessible introduction to core concepts of evolutionary game theory. These include fitness, replicator dynamics, sexual dynamics, memes and genes, single and multiple population games, Nash equilibrium and evolutionarily stable states, noisy best response and other adaptive processes, the Price equation, and cellular automata. The material connects evolutionary game theory with classic population genetic models, and also with classical game theory. Notably, these chapters also show how to estimate payoff and choice parameters from the data. The last eight chapters present exemplary game theory applications. These include a new coevolutionary predator-prey learning model extending rock-paper-scissors; models that use human subject laboratory data to estimate learning dynamics; new approaches to plastic strategies and life cycle strategies, including estimates for male elephant seals; a comparison of machine learning techniques for preserving diversity to those seen in the natural world; analyses of congestion in traffic networks (either internet or highways) and the "price of anarchy"; environmental and trade policy analysis based on evolutionary games; the evolution of cooperation; and speciation. As an aid for instruction, a web site provides downloadable computational tools written in the R programming language, Matlab, Mathematica and Excel.

Author : American Mathematical Society. Short Course
Publisher : American Mathematical Soc.
Page : 186 pages
File Size : 52,5 Mb
Release : 2011-10-27
Category : Mathematics
ISBN : 9780821853269

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Evolutionary Game Dynamics by American Mathematical Society. Short Course Pdf

This volume is based on lectures delivered at the 2011 AMS Short Course on Evolutionary Game Dynamics, held January 4-5, 2011 in New Orleans, Louisiana. Evolutionary game theory studies basic types of social interactions in populations of players. It combines the strategic viewpoint of classical game theory (independent rational players trying to outguess each other) with population dynamics (successful strategies increase their frequencies). A substantial part of the appeal of evolutionary game theory comes from its highly diverse applications such as social dilemmas, the evolution of language, or mating behaviour in animals. Moreover, its methods are becoming increasingly popular in computer science, engineering, and control theory. They help to design and control multi-agent systems, often with a large number of agents (for instance, when routing drivers over highway networks or data packets over the Internet). While these fields have traditionally used a top down approach by directly controlling the behaviour of each agent in the system, attention has recently turned to an indirect approach allowing the agents to function independently while providing incentives that lead them to behave in the desired way. Instead of the traditional assumption of equilibrium behaviour, researchers opt increasingly for the evolutionary paradigm and consider the dynamics of behaviour in populations of agents employing simple, myopic decision rules.

Author : Josef Hofbauer,Karl Sigmund
Publisher : Unknown
Page : 323 pages
File Size : 50,6 Mb
Release : 1998
Category : Science
ISBN : 0521623650

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Evolutionary Games and Population Dynamics by Josef Hofbauer,Karl Sigmund Pdf

Every form of behaviour is shaped by trial and error. Such stepwise adaptation can occur through individual learning or through natural selection, the basis of evolution. Since the work of Maynard Smith and others, it has been realised how game theory can model this process. Evolutionary game theory replaces the static solutions of classical game theory by a dynamical approach centred not on the concept of rational players but on the population dynamics of behavioural programmes. In this book the authors investigate the nonlinear dynamics of the self-regulation of social and economic behaviour, and of the closely related interactions between species in ecological communities. Replicator equations describe how successful strategies spread and thereby create new conditions which can alter the basis of their success, i.e. to enable us to understand the strategic and genetic foundations of the endless chronicle of invasions and extinctions which punctuate evolution. In short, evolutionary game theory describes when to escalate a conflict, how to elicit cooperation, why to expect a balance of the sexes, and how to understand natural selection in mathematical terms.

Author : Jun Tanimoto
Publisher : Springer
Page : 214 pages
File Size : 46,5 Mb
Release : 2015-10-23
Category : Business & Economics
ISBN : 9784431549628

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Fundamentals of Evolutionary Game Theory and its Applications by Jun Tanimoto Pdf

​This book both summarizes the basic theory of evolutionary games and explains their developing applications, giving special attention to the 2-player, 2-strategy game. This game, usually termed a "2×2 game” in the jargon, has been deemed most important because it makes it possible to posit an archetype framework that can be extended to various applications for engineering, the social sciences, and even pure science fields spanning theoretical biology, physics, economics, politics, and information science. The 2×2 game is in fact one of the hottest issues in the field of statistical physics. The book first shows how the fundamental theory of the 2×2 game, based on so-called replicator dynamics, highlights its potential relation with nonlinear dynamical systems. This analytical approach implies that there is a gap between theoretical and reality-based prognoses observed in social systems of humans as well as in those of animal species. The book explains that this perceived gap is the result of an underlying reciprocity mechanism called social viscosity. As a second major point, the book puts a sharp focus on network reciprocity, one of the five fundamental mechanisms for adding social viscosity to a system and one that has been a great concern for study by statistical physicists in the past decade. The book explains how network reciprocity works for emerging cooperation, and readers can clearly understand the existence of substantial mechanics when the term "network reciprocity" is used. In the latter part of the book, readers will find several interesting examples in which evolutionary game theory is applied. One such example is traffic flow analysis. Traffic flow is one of the subjects that fluid dynamics can deal with, although flowing objects do not comprise a pure fluid but, rather, are a set of many particles. Applying the framework of evolutionary games to realistic traffic flows, the book reveals that social dilemma structures lie behind traffic flow.

Author : Reinhard Selten (Economist, Germany)
Publisher : Edward Elgar Publishing
Page : 924 pages
File Size : 55,8 Mb
Release : 1999-03-24
Category : Electronic
ISBN : 1781008299

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Game Theory and Economic Behaviour by Reinhard Selten (Economist, Germany) Pdf

'These two volumes constitute an impressive collection of selected path-breaking works of Professor Selten. . . . Edward Elgar Publications deserve merit for bringing out most frequently-cited and prominent articles of Professor Selten in a conveniently available package.' - K. Ravikumar, Journal of Scientific and Industrial Research In 1994, the Nobel Prize was awarded to Reinhard Selten, John Nash and John Harsanyi, for pioneering analysis in game theory. Selten was the first to refine the Nash equilibrium concept of non-cooperative games for analysing dynamic strategic interaction and to apply these concepts to analyses of oligopoly.

Author : Christian Schmidt
Publisher : Routledge
Page : 362 pages
File Size : 47,8 Mb
Release : 2002-06-20
Category : Business & Economics
ISBN : 9781134511174

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Game Theory and Economic Analysis by Christian Schmidt Pdf

This book presents the huge variety of current contributions of game theory to economics. The impressive contributions fall broadly into two categories. Some lay out in a jargon free manner a particular branch of the theory, the evolution of one of its concepts, or a problem, that runs through its development. Others are original pieces of work tha