The Analysis of Mortgage under the Subprime Crisis Based on the Evolutionary Game

By applying the Evolutionary Game Theory, this paper analyzes the credit behavior of banks and the lender under the condition of dynamic model of incomplete information. And it also discusses the process of the dynamic evolution and the stable equilibrium strategy under two different economic environments. Finally, this paper expounds the cause of the subprime crisis based on the evolutionary game theory. Through the parametric analysis of the evolutionary stable equilibrium, the controlling factors in the game model and possible methods are discussed.