Evolution in Social Environments

Fernando Vega‐Redondo

in Evolution, Games, and Economic Behaviour

Published in print September 1996 | ISBN: 9780198774723
Published online November 2003 | e-ISBN: 9780191596971 | DOI:
 Evolution in Social Environments

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Generalizes the dynamic approach of Ch. 3 so that it becomes applicable to the modelling of evolutionary processes in socio‐economic environments. It introduces the central notion of payoff monotonicity and explores its implications for the evolution of rational behaviour. The main issues are illustrated through examples pertaining to bargaining and cultural (hierarchical) evolution.

Keywords: bargaining; culture; evolution; Group Selection; payoff monotonicity; Rationality

Chapter.  20017 words.  Illustrated.

Subjects: Microeconomics

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