Evolution, Games, and Economic Behaviour

By: Fernando Vega-Redondo (Editor)

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Hardcover | 1 October 1996

At a Glance

Hardcover
224 Pages

Dimensions(cm)
24.13 x 16.51 x 1.91

Hardcover

RRP $371.00

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This textbook for advanced undergraduate and postgraduate students of Evolutionary Game Theory covers recent developments in the field, with an emphasis on economic contexts and applications. It begins with the basic ideas as they originated within the field of theoretical biology and then proceeds to the formulation of a theoretical framework that is suitable for the study of social and economic phenomena from an evolutionary perspective. Core topics include the Evolutionary Stable Strategy (EES) and Replicator Dynamics (RD), deterministic dynamic models, and stochastic perturbations. A set of short appendices presents some of the technical material referred to in the main text. Evolutionary theory is widely viewed as one of the most promising appraoches to understanding bounded rationality, learning, and change in complex social environments. New avenues of research are suggested by Vega-Redondo, and plentiful exmples illustrate the theory's potential applications. The recent boom experienced by this dscipline makes the book's systematic presentation of its essential contributions vital reading for newcomer to the field.

Industry Reviews

`An attractive approach for addressing economic applications of evolutionary models...This book describes those of evolutionary theories with which the researcher will find vast amounts of different dynamic economic applications.' Journal of Evolutionary Economics

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