Showing 1 - 10 of 280
-known result in such setting is that under random matching cooperation vanishes for any interior initial condition. The novelty of … mechanism makes cooperation the unique outcome in the long run. Furthermore, we show that if imitation happens infrequently …
Persistent link: https://www.econbiz.de/10011049880
We discuss the emergence of cooperation in repeated Trust Mini-Games played by finite automata. Contrary to a previous …
Persistent link: https://www.econbiz.de/10010662456
controlling for a subjectʼs past earnings. Punishment strategies are generally softer and more graduated than implied by a grim …
Persistent link: https://www.econbiz.de/10011049890
This paper aspires to fill a conspicuous gap in the literature regarding learning in games—the absence of empirical verification of learning rules involving pattern recognition. Weighted fictitious play is extended to detect two-period patterns in opponentsʼ behavior and to comply with the...
Persistent link: https://www.econbiz.de/10011049668
We introduce a “dynamic non-equivalent utilities” (DNEU) condition and the notion of dynamic player-specific punishments for a general repeated game with unequal discounting, both naturally generalizing the stationary counterparts in Abreu et al. (1994). We show that if the DNEU condition,...
Persistent link: https://www.econbiz.de/10011049715
Belief models capable of detecting 2- to 5-period patterns in repeated games by matching the current historical context to similar realizations of past play are presented. The models are implemented in a cognitive framework, ACT-R, and vary in how they implement similarity-based...
Persistent link: https://www.econbiz.de/10011049875
This paper studies the learning process carried out by two agents who are involved in many games. As distinguishing all games can be too costly (require too much reasoning resources) agents might partition the set of all games into categories. Partitions of higher cardinality are more costly. A...
Persistent link: https://www.econbiz.de/10011049900
This paper takes the idea of coalitional behavior – groups of people occasionally acting together to their mutual benefit – and incorporates it into the framework of evolutionary game theory that underpins the social learning literature. An equilibrium selection criterion is defined which we...
Persistent link: https://www.econbiz.de/10010577245
contribution rules related to efficiency, equality, and equity. In the experiment, in the absence of punishment no positive … contribution norm is observed and all groups converge towards free-riding. With punishment, strong and stable differences in …
Persistent link: https://www.econbiz.de/10010603338
explanations of generous behavior (accepting negative payoffs): altruism, intrinsic backward-looking reciprocity, and instrumental … forward-looking reciprocity. Our results are broadly consistent with the hypothesis that observed sacrifices are motivated by …
Persistent link: https://www.econbiz.de/10010931183