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

author: Benjamin Polak, Department of Economics, Yale University
recorded by: Yale University
published: Nov. 15, 2010,   recorded: September 2007,   views: 3558
released under terms of: Creative Commons Attribution No Derivatives (CC-BY-ND)
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Description

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]

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