Evolution Games And Economic Behaviour

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Evolution, Games, and Economic Behaviour

Author : Fernando Vega-Redondo
Publisher : Oxford University Press
ISBN 13 : 0198774737
Total Pages : 222 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Evolution, Games, and Economic Behaviour by : Fernando Vega-Redondo

Download or read book Evolution, Games, and Economic Behaviour written by Fernando Vega-Redondo and published by Oxford University Press. This book was released on 1996-09-26 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Evolution, Games, and Economic Behaviour

Author : Fernando Vega-Redondo
Publisher : OUP Oxford
ISBN 13 : 0191525081
Total Pages : 220 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis Evolution, Games, and Economic Behaviour by : Fernando Vega-Redondo

Download or read book Evolution, Games, and Economic Behaviour written by Fernando Vega-Redondo and published by OUP Oxford. This book was released on 1996-09-26 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Evolution, Games, and Economic Behaviour

Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (475 download)

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Book Synopsis Evolution, Games, and Economic Behaviour by :

Download or read book Evolution, Games, and Economic Behaviour written by and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Population Games and Evolutionary Dynamics

Author : William H. Sandholm
Publisher : MIT Press
ISBN 13 : 0262195879
Total Pages : 618 pages
Book Rating : 4.2/5 (621 download)

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Book Synopsis Population Games and Evolutionary Dynamics by : William H. Sandholm

Download or read book Population Games and Evolutionary Dynamics written by William H. Sandholm and published by MIT Press. This book was released on 2010-12-17 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Evolution and the Theory of Games

Author : John Maynard Smith
Publisher : Cambridge University Press
ISBN 13 : 9780521288842
Total Pages : 244 pages
Book Rating : 4.2/5 (888 download)

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Book Synopsis Evolution and the Theory of Games by : John Maynard Smith

Download or read book Evolution and the Theory of Games written by John Maynard Smith and published by Cambridge University Press. This book was released on 1982-10-21 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 1982 book is an account of an alternative way of thinking about evolution and the theory of games.

Evolutionary Games and Equilibrium Selection

Author : Larry Samuelson
Publisher : MIT Press
ISBN 13 : 9780262692199
Total Pages : 332 pages
Book Rating : 4.6/5 (921 download)

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Book Synopsis Evolutionary Games and Equilibrium Selection by : Larry Samuelson

Download or read book Evolutionary Games and Equilibrium Selection written by Larry Samuelson and published by MIT Press. This book was released on 1997 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Evolutionary Dynamics and Extensive Form Games

Author : Ross Cressman
Publisher : MIT Press
ISBN 13 : 9780262033053
Total Pages : 346 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Evolutionary Dynamics and Extensive Form Games by : Ross Cressman

Download or read book Evolutionary Dynamics and Extensive Form Games written by Ross Cressman and published by MIT Press. This book was released on 2003 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evolutionary game theory attempts to predict individual behavior (whether of humans or other species) when interactions between individuals are modeled as a noncooperative game. Most dynamic analyses of evolutionary games are based on their normal forms, despite the fact that many interesting games are specified more naturally through their extensive forms. Because every extensive form game has a normal form representation, some theorists hold that the best way to analyze an extensive form game is simply to ignore the extensive form structure and study the game in its normal form representation. This book rejects that suggestion, arguing that a game's normal form representation often omits essential information from the perspective of dynamic evolutionary game theory.

Theory of Games and Economic Behavior

Author : John Neumann
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781983879371
Total Pages : 664 pages
Book Rating : 4.8/5 (793 download)

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Book Synopsis Theory of Games and Economic Behavior by : John Neumann

Download or read book Theory of Games and Economic Behavior written by John Neumann and published by Createspace Independent Publishing Platform. This book was released on 2018-03-23 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains an exposition and various applications of a mathematical theory of games.

Evolutionary Games and Population Dynamics

Author : Josef Hofbauer
Publisher : Cambridge University Press
ISBN 13 : 9780521625708
Total Pages : 356 pages
Book Rating : 4.6/5 (257 download)

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Book Synopsis Evolutionary Games and Population Dynamics by : Josef Hofbauer

Download or read book Evolutionary Games and Population Dynamics written by Josef Hofbauer and published by Cambridge University Press. This book was released on 1998-05-28 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Microeconomics

Author : Samuel Bowles
Publisher : Princeton University Press
ISBN 13 : 1400829313
Total Pages : 608 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Microeconomics by : Samuel Bowles

Download or read book Microeconomics written by Samuel Bowles and published by Princeton University Press. This book was released on 2009-12-13 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this novel introduction to modern microeconomic theory, Samuel Bowles returns to the classical economists' interest in the wealth and poverty of nations and people, the workings of the institutions of capitalist economies, and the coevolution of individual preferences and the structures of markets, firms, and other institutions. Using recent advances in evolutionary game theory, contract theory, behavioral experiments, and the modeling of dynamic processes, he develops a theory of how economic institutions shape individual behavior, and how institutions evolve due to individual actions, technological change, and chance events. Topics addressed include institutional innovation, social preferences, nonmarket social interactions, social capital, equilibrium unemployment, credit constraints, economic power, generalized increasing returns, disequilibrium outcomes, and path dependency. Each chapter is introduced by empirical puzzles or historical episodes illuminated by the modeling that follows, and the book closes with sets of problems to be solved by readers seeking to improve their mathematical modeling skills. Complementing standard mathematical analysis are agent-based computer simulations of complex evolving systems that are available online so that readers can experiment with the models. Bowles concludes with the time-honored challenge of "getting the rules right," providing an evaluation of markets, states, and communities as contrasting and yet sometimes synergistic structures of governance. Must reading for students and scholars not only in economics but across the behavioral sciences, this engagingly written and compelling exposition of the new microeconomics moves the field beyond the conventional models of prices and markets toward a more accurate and policy-relevant portrayal of human social behavior.

Games Primates Play

Author : Dario Maestripieri
Publisher : Basic Books (AZ)
ISBN 13 : 046502078X
Total Pages : 322 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis Games Primates Play by : Dario Maestripieri

Download or read book Games Primates Play written by Dario Maestripieri and published by Basic Books (AZ). This book was released on 2012-04-10 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: A primatologist examines unspoken social customs, from jilting a lover to being competitive on the job, to explain how behavioral complexities are linked to humans' primate heritage.

Game Theory

Author : Steven N. Durlauf
Publisher : Springer
ISBN 13 : 0230280846
Total Pages : 379 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Game Theory by : Steven N. Durlauf

Download or read book Game Theory written by Steven N. Durlauf and published by Springer. This book was released on 2016-07-14 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Evolution, Games, and God

Author : Martin A. Nowak
Publisher : Harvard University Press
ISBN 13 : 0674075536
Total Pages : 398 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis Evolution, Games, and God by : Martin A. Nowak

Download or read book Evolution, Games, and God written by Martin A. Nowak and published by Harvard University Press. This book was released on 2013-05-07 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to the reigning competition-driven model of evolution, selfish behaviors that maximize an organism’s reproductive potential offer a fitness advantage over self-sacrificing behaviors—rendering unselfish behavior for the sake of others a mystery that requires extra explanation. Evolution, Games, and God addresses this conundrum by exploring how cooperation, working alongside mutation and natural selection, plays a critical role in populations from microbes to human societies. Inheriting a tendency to cooperate, argue the contributors to this book, may be as beneficial as the self-preserving instincts usually thought to be decisive in evolutionary dynamics. Assembling experts in mathematical biology, history of science, psychology, philosophy, and theology, Martin Nowak and Sarah Coakley take an interdisciplinary approach to the terms “cooperation” and “altruism.” Using game theory, the authors elucidate mechanisms by which cooperation—a form of working together in which one individual benefits at the cost of another—arises through natural selection. They then examine altruism—cooperation which includes the sometimes conscious choice to act sacrificially for the collective good—as a key concept in scientific attempts to explain the origins of morality. Discoveries in cooperation go beyond the spread of genes in a population to include the spread of cultural transformations such as languages, ethics, and religious systems of meaning. The authors resist the presumption that theology and evolutionary theory are inevitably at odds. Rather, in rationally presenting a number of theological interpretations of the phenomena of cooperation and altruism, they find evolutionary explanation and theology to be strongly compatible.

Does Game Theory Work?

Author : K. G. Binmore
Publisher :
ISBN 13 :
Total Pages : 434 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Does Game Theory Work? by : K. G. Binmore

Download or read book Does Game Theory Work? written by K. G. Binmore and published by . This book was released on 2007 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This volume brings together all of Ken Binmore's influential experimental papers on bargaining along with newly written commentary in which Binmore discusses the underlying game theory and addresses the criticism leveled at it by behavioral economists."--BOOK JACKET.

Theory of Games and Economic Behavior

Author : John Von Neumann
Publisher :
ISBN 13 :
Total Pages : 684 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Theory of Games and Economic Behavior by : John Von Neumann

Download or read book Theory of Games and Economic Behavior written by John Von Neumann and published by . This book was released on 1967 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Theory of Games and Economic Behavior

Author : John von Neumann
Publisher : Princeton University Press
ISBN 13 : 1400829461
Total Pages : 774 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Theory of Games and Economic Behavior by : John von Neumann

Download or read book Theory of Games and Economic Behavior written by John von Neumann and published by Princeton University Press. This book was released on 2007-03-19 with total page 774 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Behavioral Game Theory

Author : Colin F. Camerer
Publisher : Princeton University Press
ISBN 13 : 1400840880
Total Pages : 568 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Behavioral Game Theory by : Colin F. Camerer

Download or read book Behavioral Game Theory written by Colin F. Camerer and published by Princeton University Press. This book was released on 2011-09-05 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.