Epstein Secrets

rk would not have been possible without a beautiful and nurturing envi- ronment as the one at the Program for Evolutionary Dynamics. I am thankful to Jeffrey Epstein for making PED possible and for allowing me to participate in his tireless pursuit of knowledge. And I am indebted to everyone for making PED a wond

Evolutionary Dynamics. I am thankful to Jeffrey Epstein for making PED possible and for allowing me to pa

ogram for Evolutionary Dynamics. I am thankful to Jeffrey Epstein for making PED possible and for allowing

ecisions of humans (Fudenberg Sc Tirole 1991, Binmore 1994, Weibull 1995, Samuelson 1997, Binmore 2007). Evolutionary game theory was introduced by John Maynard Smith in order to explore the evolution of animal behavior (Maynard Smith Si Price 1973, Maynard Smith 1982, Houston & McNamara 1999, McNamara et al 1999

that breeds risks. It acts in ways that the designer could not have predicted in advance. “Clearly the system itself is misbehaving,” the researcher Jeffrey Mogul writes of his study of various cases where networks are cracked in this fashion. “However, none of the components have failed per-se.”!45 The

ogical history, at our planet’s seething life at it’s most profound moments of transition, you find co-evolution in nearly every case. The biologists John Maynard Smith and Eors Szathmary, in their masterwork The Major Transitions in Evolution, chronicle the miraculous march of life towards ever-greater complexity —

potential that was fully realized in the mind of Jeffrey Dahmer who flagellated, cannibalized, dismembered

. The first involved a marriage between economic game theory and evolutionary biology. This marriage was set up by the British evolutionary biologist John Maynard Smith who recognized that for any competitive interaction, there are different strategies, each with different payoffs. Some strategies are more costly, bu