ECON 159 - Lecture 11 - Evolutionary Stability: Cooperation, Mutation, and Equilibrium

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

Overview

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.

Resources

Assignment

Handout on ESS in Pure Strategies

Problem Set 5

Course Media

Transcript

html

Audio

mp3

Low Bandwidth Video

mov [100MB]

High Bandwidth Video

mov [500MB]