This paper examines an Outside Option Game Designed to study the tension between maximizing the size of the surplus and bargaining over the division of thus surplus among those who contributed to its creation.

We study a population of agents , each of whome can be an Altruist or an Egoist. Altruism is a strictly dominated strategy. Agent choose their actions by imitating others who earn high payoffs. Interactions between agents are local, so that each agent affects (and is affected by) only his neighbors.

This paper characterizes modified evolutionarily stable strategies (MESSES) in Robinstein's alternative-offers, infinite- horizon bargaining game.

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...

This paper develops an approach to equilibrium selection in game theory based on studying the learning process through which equilibrium is achieved. The differential equations derived from models of interactive learning typically have stationary states that are not isolated. Instead, Nash...