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In a population with a local interaction structure, where individuals interact with their neighbors and learning is by way of imitating a successful neighbor, cooperation is shown to be a stable strategy that cannot easily be eliminated from the population.
Persistent link: https://www.econbiz.de/10010789561
This paper studies a population of agents, each of whom can be either an Altruist or an Egoist. Altruists confer benefits on others at a cost to themselves. Altruism is thus a strictly dominated strategy and cannot survive if agents are rational best-responders. We assume that agents choose...
Persistent link: https://www.econbiz.de/10005636451
The paper provides an explanation for altruistic behavior based on the matching and learning technology in the population. In a infinite structured population, in which individuals meet and interact with their neighbors, individuals learn by imitating their more successful neighbors. We ask...
Persistent link: https://www.econbiz.de/10005375596
Gregarious behavior of potential prey was explained by Hamilton (1971) on the basis of risk-sharing: The probability of being picked up by a predator is small when one makes part of a large aggregate of prey. This argument holds only if the predator chooses its victims at random. It is not the...
Persistent link: https://www.econbiz.de/10005028510
Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004We model the formation of a herd as a game between a predator and a prey population. The predator receives some information about the composition of the herd when he chases it, but receives no information when he chases a...
Persistent link: https://www.econbiz.de/10005739662
A model of a population with a Local Interaction structure is presented. Individuals interact with others in a given Interaction neighborhood to obtain their payoff. Individuals either imitate or else they die and are replaced by one of their neighbors in another neighborhood- the Propagation...
Persistent link: https://www.econbiz.de/10005196771
This paper shows that Nash equilibria of a local-interaction game are equivalent to correlated equilibria of the underlying game.
Persistent link: https://www.econbiz.de/10005370673
We examine an evolutionary model with "local interactions," so that some agents may be more likely to interact than others. We show that equilibrium strategy choices with given local interactions correspond to correlated equilibria of the underlying game, suggesting an new interpretation for...
Persistent link: https://www.econbiz.de/10005407562
Persistent link: https://www.econbiz.de/10004968307
We consider a market with "red" and "green" workers, where labels are payoff irrelevant. Workers may acquire skills. Skilled workers search for vacancies, while firms search for workers. A unique symmetric equilibrium exists in which color is irrelevant. There are also asymmetric equilibria in...
Persistent link: https://www.econbiz.de/10005571178