Johnson, Phillip; Levine, David K.; Pesendorfer, Wolfgang - Centro de Investigación Económica (CIE), Departamento … - 1998
In an environment of anonymous random matching, Kandori [1992] showed that with a sufficiently rich class of simple information systems the folk theorem holds. We specialize to the Prisoner's Dilemma and examine the stochastic stability of a process of learning and evolution in this setting. If...