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Evolution of mindsight and psychological commitment among strategically interacting agents
Rtischev, Dimitry - In: Games 7 (2016) 3, pp. 1-16
We study the evolution of strategic psychological capabilities in a population of interacting agents. Specifically,we consider agentswhich are either blind orwithmindsight, and either transparent or opaque. An agent with mindsight can observe the psychological makeup of a transparent agent,...
Persistent link: https://www.econbiz.de/10011550559
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On the evolution of heuristics and bounded rational behavior in random games
Spiliopoulos, Leonidas - 2021
The emergence of heuristics, sophisticated behavior—such as higher levels of Theory of Mind—and substantive rationality in strategic situations can be studied using evolutionary game theory to jointly account for the interactions between players and their environments. Research thus far has...
Persistent link: https://www.econbiz.de/10013314177
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Psychology and economics rather than psychology versus economics : cultural differences but no barriers!
Brandstätter, Hermann; Güth, Werner; Kliemt, Hartmut - 2008
During the last three decades the ascent of behavioral economics clearly helped to bring down artificial disciplinary boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice tradition and, indirectly, of behaviorism we...
Persistent link: https://www.econbiz.de/10003809939
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An Evolutionary Justification for Overconfidence
Gannon, Kim - 2020
resource, and there is uncertainty about who will win the resource if they choose to compete. Players have different confidence … know her opponent's confidence level. We characterize the evolutionarily stable equilibrium, represented by players …' strategies and distribution of confidence levels. Under different informational environments, a majority of players are …
Persistent link: https://www.econbiz.de/10012853848
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Personal Relationships and the Evolution of Trust
Schliffke, Philipp - 2009
In this paper, an indirect evolutionary version of the game of trust is studied. A population consisting of trustworthy and exploitive players is assumed. Players are chosen randomly from the population and are matched with either strangers or players they know in order to play the game of...
Persistent link: https://www.econbiz.de/10013160188
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The coevolution of morals under indirect reciprocity
Gaudeul, Alexia; Keser, Claudia; Müller, Stephan - 2019
We study the coexistence of strategies in the indirect reciprocity game where agents have access to second-order information. We fully characterize the evolutionary stable equilibria and analyze their comparative statics with respect to the cost-benefit ratio (CBR). There are indeed only two...
Persistent link: https://www.econbiz.de/10012005678
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The evolution of morals under indirect reciprocity
Gaudeul, Alexia; Keser, Claudia; Müller, Stephan - 2019 - Revised version June 2019
We study the coexistence of strategies in the indirect reciprocity game where agents have access to second-order information. We fully characterize the evolutionary stable equilibria and analyze their comparative statics with respect to the cost-benefit ratio (CBR). There are indeed only two...
Persistent link: https://www.econbiz.de/10012011743
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Salience and strategy choice in 2 × 2 games
Leland, Jonathan W.; Schneider, Mark - In: Games 6 (2015) 4, pp. 521-559
We present a model of boundedly rational play in single-shot 2 × 2 games. Players choose strategies based on the perceived salience of their own payoffs and, if own-payoff salience is uninformative, on the perceived salience of their opponent's payoffs. When own payoffs are salient, the model's...
Persistent link: https://www.econbiz.de/10011383906
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Carrot or stick? : group selection and the evolution of reciprocal preferences
Herold, Florian - 2003 - This version: July 2, 2003
This paper studies the evolution of both characteristics of reciprocity - the willingness to reward friendly behavior and the willingness to punish hostile behavior. Firstly, preferences for rewarding as well as preferences for punishing can survive evolution provided individuals interact within...
Persistent link: https://www.econbiz.de/10010440934
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How cognitive skills affect strategic behavior : cognitive ability, fluid intelligence and judgment
Gill, David; Knepper, Zachary; Prowse, Victoria; Zhou, Junya - 2024
We explore the influence of cognitive ability and judgment on strategic behavior in the beauty contest game (where the Nash equilibrium action is zero). Using the level-k model of bounded rationality, cognitive ability and judgment both predict higher level strategic thinking. However,...
Persistent link: https://www.econbiz.de/10014584425