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We develop a framework in which individuals preferences co-evolve with their abilities to deceive others regarding their preferences and intentions. We show that a pure outcome is stable, essentially if and only if it is an efficient Nash equilibrium. All individuals have the same deception...
Persistent link: https://www.econbiz.de/10015256402
This paper develops a new theory of community enforcement that explains how cooperation can be sustained when agents change their partners over time. We study environments in which agents are randomly matched to play a Prisoner's Dilemma, and each player observes a few of the partner's past...
Persistent link: https://www.econbiz.de/10015256511
In various environments new agents may base their decisions on observations of actions taken by a few other agents in the past. In this paper we analyze a broad class of such social learning processes, and study under what circumstances the initial behavior of the population has a lasting...
Persistent link: https://www.econbiz.de/10015256547
In various environments new agents may base their decisions on observations of actions taken by a few other agents in the past. In this paper we analyze a broad class of such social learning processes, and study under what circumstances the initial behavior of the population has a lasting...
Persistent link: https://www.econbiz.de/10015257493
This paper develops a new theory of community enforcement that explains how cooperation can be sustained when agents change their partners over time. We study environments in which agents are randomly matched to play a Prisoner's Dilemma, and each player observes a few of the partner's past...
Persistent link: https://www.econbiz.de/10015258290
In various environments new agents may base their decisions on observations of actions taken by a few other agents in the past. In this paper we analyze a broad class of such social learning processes, and study under what circumstances the initial behavior of the population has a lasting...
Persistent link: https://www.econbiz.de/10015259269
In various environments new agents may base their decisions on observations of actions taken by a few other agents in the past. In this paper we analyze a broad class of such social learning processes, and study under what circumstances the initial behavior of the population has a lasting...
Persistent link: https://www.econbiz.de/10015260743
We develop a framework in which individuals preferences co-evolve with their abilities to deceive others regarding their preferences and intentions. We show that a pure outcome is stable, essentially if and only if it is an efficient Nash equilibrium. All individuals have the same deception...
Persistent link: https://www.econbiz.de/10015261658
We develop a framework in which individuals preferences co-evolve with their abilities to deceive others regarding their preferences and intentions. We show that a pure outcome is stable, essentially if and only if it is an efficient Nash equilibrium. All individuals have the same deception...
Persistent link: https://www.econbiz.de/10015243972
We develop a framework in which individuals preferences co-evolve with their abilities to deceive others regarding their preferences and intentions. We show that a pure outcome is stable, essentially if and only if it is an efficient Nash equilibrium. All individuals have the same deception...
Persistent link: https://www.econbiz.de/10015246789