Makowski, Marcin; Piotrowski, Edward W. - In: Physica A: Statistical Mechanics and its Applications 415 (2014) C, pp. 189-193
There is a common belief that humans and many animals follow transitive inference (choosing A over C on the basis of knowing that A is better than B and B is better than C). Transitivity seems to be the essence of rational choice. We present a theoretical model of a repeated game in which the...