Peyton Young is a pioneer in evolutionary game theory and its application to the study of institutional and technological change. He has also made major contributions to the theory of learning in games. His most recent books on these subjects are: Strategic Learning and its Limits (Arne Ryde Memorial Lectures, Oxford University Press, 2004), and Individual Strategy and Social Structure: An Evolutionary Theory of Institutions (Princeton University Press, 1998). Other books include Fair Allocation (American Mathematical Society, 1985, ed.), Cost Allocation: Methods, Principles, Applications (North-Holland, 1985, ed.), Negotiation Analysis (University of Michigan Press, 1991, ed.), Equity in Theory and Practice (Princeton University Press, 1994), Social Dynamics (MIT Press, 2001, ed. with Steven Durlauf), and Fair Representation (2nd ed., The Brookings Institution, 2001, with M.L. Balinski).

He is President of the Game Theory Society, a Fellow of the British Academy, and a Fellow of the Econometric Society.

Links:

Center on Social and Economic Dynamics at the Brookings Institution

Department of Economics, University of Oxford

Recent Papers:

"The Hedge Fund Game:Incentives, Excess Returns, and Piggy-Backing"(with Dean P. Foster). This version: March, 2008.

"Self-Knowledge and Self-Deception". This version: December 31, 2007.

"Innovation Diffusion in Heterogeneous Populations: Contagion, Social Influence and Social Learning". This version: August 21, 2007.

"Payoff-Based Dynamics in Multi-Player Weakly Acyclic Games". This version: January 15, 2007.

"Game Theory: Some Personal Reflections". Game Theory 5 Questions, V. F. Hendricks and P. G. Hansen, eds, Automatic Press, 2007.

"Social Norms". The New Palgrave Dictionary of Economics, Second Edition, Steven N. Durlauf and Lawrence E. Blume, eds.  London: Macmillan, 2008.

"Adaptive Heuristics". The New Palgrave Dictionary of Economics, Second Edition, Steven N. Durlauf and Lawrence E. Blume, eds. London: Macmillan, 2008.

"Stochastic Adaptive Dynamics". The New Palgrave Dictionary of Economics, Second Edition, Steven N. Durlauf and Lawrence E. Blume, eds. London: Macmillan, 2008.

 

Publications:

(Click the link above for a detailed list)