Evolutionary game theory is one of the most active and rapidly growing                  areas of research in economics. Unlike traditional game theory models, which assume                  that all players are fully rational and have complete knowledge of details of the                  game, evolutionary models assume that people choose their strategies through a                  trial-and-error learning process in which they gradually discover that some                  strategies work better than others. In games that are repeated many times,                  low-payoff strategies tend to be weeded out, and an equilibrium may emerge.Larry                  Samuelson has been one of the main contributors to the evolutionary game theory                  literature. In Evolutionary Games and Equilibrium Selection, he examines the                  interplay between evolutionary game theory and the equilibrium selection problem in                  noncooperative games. After providing an overview of the basic issues of game theory                  and a presentation of the basic models, the book addresses evolutionary stability,                  the dynamics of sample paths, the ultimatum game, drift, noise, backward and forward                  induction, and strict Nash equilibria.

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