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Evolution, Games, and Economic Behaviour (Hardcover)
Loot Price: R5,105
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Evolution, Games, and Economic Behaviour (Hardcover)
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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.
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