We focus on the outcomes sustained by the decision rule consistent with the satisficing behavior a la Simon [1987], slightly perturbed to incorporate sympathy in the spirit of Hume [1978]. For a general class of two person games, as the probability of continuing the long term relationship...

In general symmetric games with a pure symmetric efficient state (Karadika, Mookherjee, Ray and Vega-Rodondo [1998]), the long term relationship becomes pervasive if the society has a large number of players and the probability of exogenous termination of long term relationship is small. At any...

We consider equilibrium selection in 2x2 bimatrix (both symmetric and asymmetric) games with two strict Nash equilibria by embedding it in a dynamic random matching game played by a continuum of anonymous agents. Unlike in the evolutionary game literature, we assume that the players are...

We consider equilibrium selection in 2x2 bimatrix (both symmetric and asymmetric) games with two strict Nash equilibria by embedding it in a dynamic random matching game played by a continuum of anonymous agents. Unlike in the evolutionary game literature, we assume that the players are...

This paper presents a model of random matching between individuals chosen from large populations. We assume that the populations and the set of encounters are infinite but countable and that the encounters are i.i.d. random variables. Furthermore, the probability distribution on individuals...