Vega-Redondo, Fernando; Palomino, Frédéric - In: International Journal of Game Theory 28 (1999) 4, pp. 465-488
This paper proposes an aspiration-based dynamic model for cooperation where a large population of agents are matched afresh every period to play a Prisoner's Dilemma. At each point in time, agents hold a common aspiration level which is updated on the basis of some "population statistic", i.e. a...