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

Yale Open Courses ECON 159: Game Theory by William Sheppard

Jun 6, 201801:12:06Education

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...

Related Episodes

Continue listening to more episodes from Yale Open Courses ECON 159: Game Theory.

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

Jun 8, 2018 - 01:02:28

We discuss auctions. We first distinguish two extremes: common values and private values. We hold a commo...

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

Jun 8, 2018 - 01:10:36

We look at two settings with asymmetric information; one side of a game knows something that the other si...

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

Jun 8, 2018 - 01:15:46

In business or personal relationships, promises and threats of good and bad behavior tomorrow may provide...

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

Jun 8, 2018 - 01:15:18

We discuss repeated games, aiming to unpack the intuition that the promise of rewards and the threat of p...

Lecture 20 - Subgame Perfect Equilibrium: Wars of Attrition

Jun 8, 2018 - 01:15:36

We first play and then analyze wars of attrition; the games that afflict trench warfare, strikes, and bus...

Lecture 19 - Subgame Perfect Equilibrium: Matchmaking and Strategic Investments

Jun 8, 2018 - 01:17:08

We analyze three games using our new solution concept, subgame perfect equilibrium (SPE). The first game...

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

Jun 8, 2018 - 01:15:57

We consider games that have both simultaneous and sequential components, combining ideas from before and...

Lecture 17 - Backward Induction: Ultimatums and Bargaining

Jun 8, 2018 - 01:10:44

We develop a simple model of bargaining, starting from an ultimatum game (one person makes the other a ta...