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 domination and Nash equilibrium. The informal argument relating these ideas toward at the end of his lecture contains a notation error [U(Ŝ,S') should be U(S',Ŝ)]. A more formal argument is provided in the supplemental notes
00:00:00 Game Theory and Evolution: Evolutionarily Stable Strategies - Example
00:25:40 Game Theory and Evolution: Evolutionarily Stable Strategies - Discussion
00:30:42 Game Theory and Evolution: Evolutionarily Stable Strategies Are Always Nash Equilibria
00:42:32 Game Theory and Evolution: Nash Equilibria Are Not Always Evolutionarily Stable Strategies
01:03:00 Game Theory and Evolution: Evolutionarily Stable Strategies and Nash Equilibria - Discussion
Source: Ben Polak, Game Theory (Yale University: Open Yale Courses). Licensed under CC BY-NC-SA 3.0.
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IAP 2018: How to Speak1:03:42 Free