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Repeated games tend to have large sets of equilibria. We also know that in the repeated prisoners dilemma there is a profusion of neutrally stable strategies, but no strategy that is evolutionarily stable. This paper shows that for all of these neutrally stable strategies there is a stepping...
Persistent link: https://www.econbiz.de/10010326023
leads to the evolution of moral or altruistic preferences. Their central result states that Homo Hamiltonenis – a type that …
Persistent link: https://www.econbiz.de/10014321798