Game Theory and Evolutionary Dynamics
Game theory is a tool to describe how people make decisions in a strategic context. This theory has been used to design institutions, auctions, and contracts. But it also helps us to make sense of some of the puzzling situations that we see in everyday life: Why do people donate to charities? Why do we value modesty? How can we explain the emergence of polarization? How can we describe social learning (i.e., learning from others)? And in which cases does social learning lead to optimal outcomes?