Working Paper No. 489

Evolution, Rationality and Equilibrium in Games

Published: October 1997Pages: 10Keywords: GamesJEL-codes: C72; C7

Evolution, Rationality and Equilibrium in Games Jörgen W. Weibull


Evolutionary game theory studies the robustness of strategy profiles and sets of strategy profiles with respect to evolutionary forces in games played repeatedly in large populations of boundedly rational agents. The approach is macro oriented in the sense of focusing on the strategy distribution in the interacting population(s). Some main features of this approach are here outlined, and connections with learning models and standard notions of game-theoretic rationality and equilibrium are discussed. Some desiderata and results for robust long-run predictions are considered.

An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

Omslag 2017 Institutional Reform for Innovation and Entrepreneurship.jpg

The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.

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