Download Ebook Evolutionary Game Theory (MIT Press), by Jorgen W. Weibull
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Evolutionary Game Theory (MIT Press), by Jorgen W. Weibull
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This text introduces current evolutionary game theory -- where ideas from evolutionary biology and rationalistic economics meet -- emphasizing 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, set-valued 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 fast-moving field that is itself branching out and rapidly evolving, J�rgen Weibull has judiciously focused on clarifying and explaining core elements of the theory in an up-to-date, comprehensive, and self-contained treatment. The result is a text for second-year graduate students in economic theory, other social sciences, and evolutionary biology. The book goes beyond filling the gap between texts by Maynard-Smith 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.
- Sales Rank: #1350755 in Books
- Published on: 1997-08-01
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .75" w x 6.00" l, 1.00 pounds
- Binding: Paperback
- 265 pages
Review
The flowering of evolutionary game theory is one of the most exciting recent developments in economics and in the social sciences more genreally. Jorgen Weibull has written a masterful sythesis of some of the most important findings.
(Eric Maskin, Professor of Economics, Harvard University)The analysis in Evolutionary Game Theory is technically rigorous but accessible theorems are complemented by plentiful examples, and mathematics is complemented by intuition. This book provides a badly-needed, comprehensive account of a fast-moving field and will be an invaluable and lasting reference.
(Larry Samuelson, Professor of Economics, University of Wisconsin.)This book is a timely one in the rapidly growing area of evolutionary game theory applied to economics.... Students and researchers alike will be delighted by its thorough analysis of man ystandard examples and their generalizations. Research in the theory of evolutionary games by economists has exploded... while that by biologists has leveled off. The author has achieved an excellent balance between describing the biological foundations of the theory while constantly justifying and explaining the resultant concepts froma more rationalistic and/or economic perspective.
(Ross Cressman Mathematical Reviews) About the Author
J�rgen W. Weibull is A. O. Wallenberg Professor of Economics at Stockholm School of Economics.
Most helpful customer reviews
26 of 26 people found the following review helpful.
A must read...only for the serious game theorists, though.
By Eser Sekercioglu
Weibull's "Evolutionary Game Theory" has earned a distinguished place in many bookshelves for good reason: It is rigorous and never short of intuition. That said, however, this book is not the first item in the reading list of a beginner.
If you are interested in learning evolutionary game theory and your previous exposure to non-cooperative game theory and ordinary differential equations has been limited, do not start with Weibull's Evolutionary Game Theory. Consider first visiting Herbert Gintis's "Game Theory Evolving" and Maynard Smith's classic "Evolution and the Theory of Games"
For the 'technical' reader this book still is not a walk in the park becasue Weibull walks the reader not only in a math garden but also exposes the reader to several important evolutionary concepts including but not limited to 'evolutionary stability','evolutionarily stable strategy', 'replicator dynamics', 'population dynamics'. Grasping both the theoretical concepts and how they are modelled takes some thinking and patience.
Overall this is a must reader for the seriously involved and can be the single item for many students of this subject that takes them to a higher plane of understanding.
5 of 9 people found the following review helpful.
It explains Evolutionary Game Theory very well
By PST
After one makes it through umpteen refinements of Nash equilibria, the book becomes fascinating. Many ideas of Darwinism became much clearer -they got a quality of unavoidability so to speak- than when I read books on Darwinism before.
I found the level of mathematical sophistication needed rather unchallenging, without being boring - and I am not a "deep core" mathematician, but an engineer.
Highly recommendable
23 of 39 people found the following review helpful.
Not much usefull for practical purposes
By Mihailo Despotovic
During the work on my master thesis ("Learning in strategic games") i bought several books about the topic. This one was the hardest to understand and to apply to anything practical. I guess this one is for "hard core" mathematicians.
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