A comment on 'evolution in economic games'

John H. Nachbar

doi:10.1016/0167-2681(91)90020-X

A comment on 'evolution in economic games'

John H. Nachbar

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Abstract

'Evolution in Economic Games' by Hansen and Samuelson (1988, this journal) motivates an evolutionary dynamical system for games and applies these dynamics to a number of games of economic importance. This comment points out that Hansen-Samuelson dynamics are mathematically identical to the replicator dynamics of biological evolutionary game theory. Some simple examples are provided to illustrate that these dynamics need not be 'well behaved'.

Original language	English
Pages (from-to)	355-360
Number of pages	6
Journal	Journal of Economic Behavior and Organization
Volume	16
Issue number	3
DOIs	https://doi.org/10.1016/0167-2681(91)90020-X
State	Published - Dec 1991

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abstract = "'Evolution in Economic Games' by Hansen and Samuelson (1988, this journal) motivates an evolutionary dynamical system for games and applies these dynamics to a number of games of economic importance. This comment points out that Hansen-Samuelson dynamics are mathematically identical to the replicator dynamics of biological evolutionary game theory. Some simple examples are provided to illustrate that these dynamics need not be 'well behaved'.",

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AB - 'Evolution in Economic Games' by Hansen and Samuelson (1988, this journal) motivates an evolutionary dynamical system for games and applies these dynamics to a number of games of economic importance. This comment points out that Hansen-Samuelson dynamics are mathematically identical to the replicator dynamics of biological evolutionary game theory. Some simple examples are provided to illustrate that these dynamics need not be 'well behaved'.

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A comment on 'evolution in economic games'

Abstract

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