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Game Theory: Lecture 12 Transcript
Overview:
We apply the idea of evolutionary stability to consider the evolution of social conventions. Then we consider games that involve aggressive (Hawk) and passive (Dove) strategies, finding that sometimes, evolutionary
populations are mixed. We discuss how such games can
help us to
predict
how behavior might vary across settings. Finally, we
consider a
game in
which there is no evolutionary stable population and from nature.
discuss an
example
October 15, 2007 back
Professor Ben Polak:[ All right, I want to talk about evolution again today but just before I do, its hard not to be a little bit happy today because I woke up this morning and heard on the radio that three game theorists won the Nobel prizethis morning, which is very nice. Eric Maskin, Roger Myerson and Leo Hurwicz, all of whom worked in an area called Mechanism Design, which is using game theory if you like, its about designing games to give people incentives and to try and use information available to society or in a firm, to do as well as you can figure out how well you can and try to achieve that. So, Mechanism Design, or Incentive Design, well just touch on but not really cover in the second half of this class it will go its something you cover in more detail if you take the follow-up class, in 156, or if you take the Auction seminar later on but this is good this is great thing.
All three of these guys, Hurwicz, Maskin, Myerson theyre incredibly elegant guys, theyre incredible intellectuals, you can talk to them about anything. In fact, Maskin he was my teacher, so Im getting a bias but let me talk about Myerson for a second: when I had a job interview years ago at Northwestern, where Myerson was then, I went in there ready to be all nerdy and talk about Economics for half an hour and try and impress Roger Myerson and all he wanted he realized I was English and had an interest in History and all he wanted to talk to me about was Oliver Cromwell. So we talked
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