Tsakas, Nikolas - In: Mathematical Social Sciences 74 (2015) C, pp. 34-40
In a recent paper, Duersch et al. (2012) showed that in a rather broad class of repeated symmetric two-player games, a player who uses the simple “imitate-if-better” heuristic cannot be subject to a money pump. In this paper, we extend the analysis to games with randomly perturbed payoffs...