Lecture 11 - Evolutionary Stability: Cooperation, Mutation, and Equilibrium

Update: 2018-06-06

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.

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In Channel

Lecture 24 - Asymmetric Information: Auctions and the Winner's Curse

2018-06-0801:02:28

Lecture 23 - Asymmetric Information: Silence, Signaling and Suffering Education

2018-06-0801:10:36

Lecture 22 - Repeated Games: Cheating, Punishment, and Outsourcing

2018-06-0801:15:46

Lecture 21 - Repeated Games: Cooperation vs. the End Game

2018-06-0801:15:18

Lecture 20 - Subgame Perfect Equilibrium: Wars of Attrition

2018-06-0801:15:36

Lecture 19 - Subgame Perfect Equilibrium: Matchmaking and Strategic Investments

2018-06-0801:17:08

Lecture 18 - Imperfect Information: Information Sets and Sub-Game Perfection

2018-06-0801:15:57

Lecture 17 - Backward Induction: Ultimatums and Bargaining

2018-06-0801:10:44

Lecture 16 - Backward Induction: Reputation and Duels

2018-06-0801:15:40

Lecture 15 - Backward Induction: Chess, Strategies, and Credible Threats

2018-06-0601:12:38

Lecture 14 - Backward Induction: Commitment, Spies, and First-Mover Advantages

2018-06-0601:07:06

Lecture 13 - Sequential Games: Moral Hazard, Incentives, and Hungry Lions

2018-06-0601:10:32

Lecture 12 - Evolutionary Stability: Social Convention, Aggression, and Cycles

2018-06-0601:06:05

Lecture 11 - Evolutionary Stability: Cooperation, Mutation, and Equilibrium

2018-06-0601:12:06

Lecture 10 - Mixed Strategies in Baseball, Dating and Paying Your Taxes

2018-06-0401:13:31

Lecture 9 - Mixed Strategies in Theory and Tennis

2018-06-0401:12:52

Lecture 8 - Nash Equilibrium: Location, Segregation and Randomization

2018-06-0401:13:49

Lecture 7 - Nash Equilibrium: Shopping, Standing and Voting on a Line

2018-06-0401:11:21

Lecture 6 - Nash Equilibrium: Dating and Cournot Overview

2018-06-0301:12:06

Lecture 5 - Nash Equilibrium: Bad Fashion and Bank Runs

2018-06-0301:09:13

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Lecture 11 - Evolutionary Stability: Cooperation, Mutation, and Equilibrium

#box-pro-ellipsis-175770313287391{-webkit-line-clamp:2;}Lecture 11 - Evolutionary Stability: Cooperation, Mutation, and Equilibrium

Lecture 11 - Evolutionary Stability: Cooperation, Mutation, and Equilibrium

William Sheppard

Lecture 11 - Evolutionary Stability: Cooperation, Mutation, and Equilibrium