Peyton Young’s research is concerned with learning in games and its application to the diffusion of innovations, the evolution of social norms and institutions, and the design of decentralized systems of communication and control. He is also interested in applications of game theory to finance.

His books include: Strategic Learning and its Limits (Arne Ryde Memorial Lectures, Oxford University Press, 2004); Social Dynamics (MIT Press, 2001, ed. with Steven N. Durlauf); Fair Representation (2nd ed., The Brookings Institution, 2001, with M.L. Balinski); Individual Strategy and Social Structure: An Evolutionary Theory of Institutions (Princeton University Press, 1998); Equity: In Theory and Practice (Princeton University Press, 1994); Negotiation Analysis (University of Michigan Press, 1991, ed.); Cost Allocation: Methods, Principles, Applications (North-Holland, 1985, ed.); Fair Allocation (American Mathematical Society, 1985, ed.).

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

Links:

Department of Economics, University of Oxford

Center on Social and Economic Dynamics at the Brookings Institution

Recent Public Lectures:

STRATEGIC LEARNING--Recent Advances and Open Problems; Presidential Address, World Congress of the Game Theory Society, July, 2008.

Recent Papers:

"Social Norms" (with Mary A. Burke) , in Forthcoming in the Handbook of Social Economics, edited by Alberto Bisin, Jess Benhabib, and Matthew Jackson. Amsterdam: North-Holland.

"A Martingale Test for Alpha" (with Dean P. Foster and Robert Stine), Working Paper 08-041, Wharton Financial Institutions Center, University of Pennsylvania, 2008.

"Gaming Performance Fees by Portfolio Managers" (with Dean P. Foster), Working Paper 09-09, Wharton Financial Institutions Center, University of Pennsylvania.

"Innovation Diffusion in Heterogeneous Populations:Contagion, Social Influence, and Social Learning," American Economic Review, forthcoming.

"Learning by Trial and Error," Games and Economic Behavior, 65 (2009), 626-643.

"Payoff-Based Dynamics in Multi-Player Weakly Acyclic Games" (with Jason Marden, Gurdal Arslan, and Jeff Shamma). SIAM Journal on Control and Optimization, 48 (2009), 373-396.

 

Publications:

(Click the link above for a detailed list)