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

Jun 6, 2018 1 hr 12 min

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

from Yale Open Courses ECON 159: Game Theory Hosted by William Sheppard

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

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This episode is 1 hour and 12 minutes long.

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This episode was published on June 6, 2018.

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