In Defense of DEFECT or Cooperation does not Justify the Solution Concept

The one-state machine that always defects is the only evolutionarily stable strategy in the machine game that is derived from the prisoners' dilemma, when preferences are lexicographic in the complexity. This machine is the only stochastically stable strategy of the machine game when players are restricted to choosing machines with a uniformly bounded complexity.

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Year of publication:	1998-12-30
Authors:	Volij, Oscar
Institutions:	Oscar Volij
Subject:	Cooperation \| prisoners' dilemma \| automata \| evolution

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Extent:	application/pdf
Series:	Economic theory and game theory.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Games and Economic Behavior, 39, 309--321 (2002).
Classification:	C70 - Game Theory and Bargaining Theory. General ; C72 - Noncooperative Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005357973