The Price equation (also known as Price's equation or Price's theorem) is a covariance equation which is a mathematical description of evolution and natural selection. The Price equation was derived by George R. Price, working in London to re-derive W.D. Hamilton's work on kin selection. The Price equation also has applications in economics.
Price's equation is a theorem; it is a statement of mathematical fact between certain variables, and its value lies in the insight gained by assigning certain values encountered in evolutionary genetics to the variables. It provides us a way to understand the effects that gene transmission and natural selection have on the proportion of genes within each new generation of a population.
Read more about Price Equation: Statement, Proof of The Price Equation, Simple Price Equation, Full Price Equation, Criticism On The Use of The Price Equation, Cultural References
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