Evolutionary Game Theory (Mit Press),New

Introduces Current Evolutionary Game Theorywhere Ideas From Evolutionary Biology And Rationalistic Economics Meetemphasizing The Links Between Static And Dynamic Approaches And Noncooperative Game Theory.This Text Introduces Current Evolutionary Game Theorywhere Ideas From Evolutionary Biology And Rationalistic Economics Meetemphasizing The Links Between Static And Dynamic Approaches And Noncooperative Game Theory. Much Of The Text Is Devoted To The Key Concepts Of Evolutionary Stability And Replicator Dynamics. The Former Highlights The Role Of Mutations And The Latter The Mechanisms Of Selection. Moreover, Setvalued Static And Dynamic Stability Concepts, As Well As Processes Of Social Evolution, Are Discussed. Separate Background Chapters Are Devoted To Noncooperative Game Theory And The Theory Of Ordinary Differential Equations. There Are Examples Throughout As Well As Individual Chapter Summaries.Because Evolutionary Game Theory Is A Fastmoving Field That Is Itself Branching Out And Rapidly Evolving, Jrgen Weibull Has Judiciously Focused On Clarifying And Explaining Core Elements Of The Theory In An Uptodate, Comprehensive, And Selfcontained Treatment. The Result Is A Text For Secondyear Graduate Students In Economic Theory, Other Social Sciences, And Evolutionary Biology. The Book Goes Beyond Filling The Gap Between Texts By Maynardsmith And Hofbauer And Sigmund That Are Currently Being Used In The Field.Evolutionary Game Theory Will Also Serve As An Introduction For Those Embarking On Research In This Area As Well As A Reference For Those Already Familiar With The Field. Weibull Provides An Overview Of The Developments That Have Taken Place In This Branch Of Game Theory, Discusses The Mathematical Tools Needed To Understand The Area, Describes Both The Motivation And Intuition For The Concepts Involved, And Explains Why And How It Is Relevant To Economics.