Showing 1 - 10 of 674
We apply the dynamic stochastic framework proposed by recent evolutionaryliterature to the class of strict supermodular games when two simplebehavior rules coexist in the population, imitation and myopic optimization.We assume that myopic optimizers are able to see how well their payoff...
Persistent link: https://www.econbiz.de/10011302143
Persistent link: https://www.econbiz.de/10011949420
affiliation-motivated individuals engaged in game-play. The first model captures learning by motivated agents during strategic … interactions. The second model captures the evolution of a society of motivated agents. It is demonstrated that misperception, when …
Persistent link: https://www.econbiz.de/10011384060
Persistent link: https://www.econbiz.de/10009708782
Persistent link: https://www.econbiz.de/10011593098
Different from previous studies of tag-based cooperation, we assume that individuals fail to recognize their own tag. Due to such incomplete information, the action taken against the opponent cannot be based on similarity, although it is still motivated by the tag displayed by the opponent. We...
Persistent link: https://www.econbiz.de/10011010884
No abstract.
Persistent link: https://www.econbiz.de/10010818361
Game theory formalizes certain interactions between physical particles or between living beings in biology, sociology, and economics, and quantifies the outcomes by payoffs. The prisoner's dilemma (PD) describes situations in which it is profitable if everybody cooperates rather than defects...
Persistent link: https://www.econbiz.de/10011161418
In the original Evolutionary Minority Game, a segregation into two populations with opposing preferences is observed under many circumstances. We show that this segregation becomes more pronounced and more robust if the dynamics are changed slightly, such that strategies with above-average...
Persistent link: https://www.econbiz.de/10010588497
The effect of imitation in a competing and evolving population in different situations is studied. Agents in the population are repeatedly competing to be in a minority and they have a common strategy. Each agent has a parameter p characterizing the probability that he is following the...
Persistent link: https://www.econbiz.de/10010589877