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In this paper it is argued that whether cooperation is established in a prisoner's dilemma-like situation is determined by cognitive learning processes. To prove this claim a simulation model is build. This model is based on knowledge about the cognitive learning process that has been gained in...
Persistent link: https://www.econbiz.de/10005345296
In the last years, many contributions have been exploring population learning in economies where myopic agents play bilateral games and are allowed to repeatedly choose their pure strategies in the game and, possibly, their opponents in the game. These models explore bilateral stage-games...
Persistent link: https://www.econbiz.de/10005345742
We consider the classical prisoner's dilemma being played repeatedly on a dynamic network, where agents may choose their actions as well as their co-players. Agents act profit-maximizing, fully rationally and base their decision only on local information. Individual decisions are made such that...
Persistent link: https://www.econbiz.de/10005706184
Persistent link: https://www.econbiz.de/10005537792