11 - Evolutionary stability: cooperation, mutation, and equilibrium

Update: 2009-10-09

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.

Comments

Top Podcasts

The Best New Comedy Podcast Right Now – June 2024 The Best News Podcast Right Now – June 2024 The Best New Business Podcast Right Now – June 2024 The Best New Sports Podcast Right Now – June 2024 The Best New True Crime Podcast Right Now – June 2024 The Best New Joe Rogan Experience Podcast Right Now – June 20 The Best New Dan Bongino Show Podcast Right Now – June 20 The Best New Mark Levin Podcast – June 2024

In Channel

23 - Asymmetric information: silence, signaling and suffering education

2009-10-0901:10:36

22 - Repeated games: cheating, punishment, and outsourcing

2009-10-0900:04

24 - Asymmetric information: auctions and the winner's curse

2009-10-0900:03

21 - Repeated games: cooperation vs. the end game

2009-10-0901:15:18

19 - Subgame perfect equilibrium: matchmaking and strategic investments

2009-10-0901:17:08

20 - Subgame perfect equilibrium: wars of attrition

2009-10-0900:04

18 - Imperfect information: information sets and sub-game perfection

2009-10-0900:04

17 - Backward induction: ultimatums and bargaining

2009-10-0900:04

16 - Backward induction: reputation and duels

2009-10-0900:04

15 - Backward induction: chess, strategies, and credible threats

2009-10-0900:04

13 - Sequential games: moral hazard, incentives, and hungry lions

2009-10-0900:04

14 - Backward induction: commitment, spies, and first-mover advantages

2009-10-0900:04

11 - Evolutionary stability: cooperation, mutation, and equilibrium

2009-10-0900:04

12 - Evolutionary stability: social convention, aggression, and cycles

2009-10-0900:03

10 - Mixed strategies in baseball, dating and paying your taxes

2009-10-0900:04

09 - Mixed strategies in theory and tennis

2009-10-0900:04

08 - Nash equilibrium: location, segregation and randomization

2009-10-0900:04

07 - Nash equilibrium: shopping, standing and voting on a line

2009-10-0901:11:20

06 - Nash equilibrium: dating and Cournot

2009-10-0901:12:05

05 - Nash equilibrium: bad fashion and bank runs

2009-10-0901:09:13

00:00

11 - Evolutionary stability: cooperation, mutation, and equilibrium

#box-pro-ellipsis-173224877191844{-webkit-line-clamp:2;}11 - Evolutionary stability: cooperation, mutation, and equilibrium

11 - Evolutionary stability: cooperation, mutation, and equilibrium

Ben Polak

11 - Evolutionary stability: cooperation, mutation, and equilibrium