Imitation dynamics in the repeated Prisoners' Dilemma: an exploratory example
Article Abstract:
A deterministic evolutionary process was assessed which governs the adoption of strategies for playing the repeated prisoners' dilemma. The process involves agents playing unsuccessful strategies who attempt to duplicate the strategies of successful agents. Such effort to duplicate strategies of those agents that are successful is found to improve the growth of under-performing strategies. It also results to confusion with regards to differentiating winning strategies from inferior strategies.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1999
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An experiment on sequential rent-seeking
Article Abstract:
Second-mover advantage appears to operate in sequential rent-seeking, not first-mover advantage. This phenomenon has been analyzed using game theory.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2000
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The evolution of cooperation in Prisoners' Dilemma with an endogenous learning mutant
Article Abstract:
A population comprising cooperators and defectors, engaged in a Prisoners' Dilemma is considered.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2000
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