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Larry Samuelson Quotes

born 1953 United States

Larry Samuelson (born April 2, 1953) is an American economist and the A. Douglas Melamed Professor of Economics at Yale University and one of the faculty of the Cowles Foundation of Yale University.

Random Larry Samuelson quote

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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.

Attribution

Quotes and notes from Wikiquote: Larry Samuelson (page history), available under CC BY-SA 4.0.