Showing 1 - 10 of 16
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
This paper is an effort to convince the reader that using a stochastic stage game in a repeated setting - rather than a deterministic one - comes with many advantages. The first is that as a game it is more realistic to assume that payoffs in future games are uncertain. The second is that it...
Persistent link: https://www.econbiz.de/10010324928
Allowing for games with a continuous action space, we deal with the question whether and when static conceptslike evolutionary stability can shed any light on what happens in the dynamical context of a population playingthese games. The continuous equivalents of theorems for the finite case are...
Persistent link: https://www.econbiz.de/10010324981
In repeated games there is in general a large set 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 investigates whether and how neutrally stable strategies can be...
Persistent link: https://www.econbiz.de/10010325262
For games in which there is no evolutionarily stable strategy, it can be useful to look for neutrally stable ones. In extensive form games for instance there is typically no evolutionary stable strategy, while there may very well be a neutrally stable one. Such strategies can however still be...
Persistent link: https://www.econbiz.de/10010326038
The main ingredient of this paper is the derivation of the Generalized Price equation. This generalizes the original Price equation in the sense that it produces a set of Price-like equations, one for every different underlying model that one could assume has generated the data. All of these...
Persistent link: https://www.econbiz.de/10014547728
The main ingredient of this paper is the derivation of the generalized version of Hamilton's rule. This version is derived with the Generalized Price equation. The generalized version of Hamilton's rule generalizes the original rule, in the sense that it produces a set of rules; one rule for...
Persistent link: https://www.econbiz.de/10014547735
We consider the repeated prisoner's dilemma with implementation errors, and look at the resulting population dynamics, both analytically and with simulations. We show that with implementation errors, pure equilibrium strategies represented by finite state automata exhibit a structure that we...
Persistent link: https://www.econbiz.de/10014547775
Repetition is a classic mechanism for the evolution of cooperation. The standard way to study repeated games is to assume that there is an exogenous probability with which every interaction is repeated. If it is sufficiently likely that interactions are repeated, then reciprocity and cooperation...
Persistent link: https://www.econbiz.de/10014547859
Group selection models combine selection pressure at the individual level with selection pressure at the group level (Sober and Wilson, 1998; Traulsen and Nowak, 2006; Wilson and Wilson, 2007; Boyd and Richerson, 2009; Simon, 2010; Simon et al., 2013; Luo, 2014; van Veelen et al., 2014; Luo and Mattingly, 2017). Cooperation...
Persistent link: https://www.econbiz.de/10012233947