Instability of Defection in the Prisoner's Dilemma Under Best Experienced Payoff Dynamics

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Tác giả: Srinivas Arigapudi, Yuval Heller, Igal Milchtaich

Ngôn ngữ: eng

Ký hiệu phân loại: 364.68 Noninstitutional penalties

Thông tin xuất bản: 2020

Mô tả vật lý:

Bộ sưu tập: Báo, Tạp chí

ID: 164410

 Comment: Final preprint of a manuscript accepted for publication in the Journal of Economic TheoryWe study population dynamics under which each revising agent tests each strategy k times, with each trial being against a newly drawn opponent, and chooses the strategy whose mean payoff was highest. When k = 1, defection is globally stable in the prisoner`s dilemma. By contrast, when k >
  1 we show that there exists a globally stable state in which agents cooperate with probability between 28% and 50%. Next, we characterize stability of strict equilibria in general games. Our results demonstrate that the empirically plausible case of k >
  1 can yield qualitatively different predictions than the case of k = 1 that is commonly studied in the literature.
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