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Convergence of Aspirations and (Partial) Cooperation in the Prisoners's Dilemma

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Author Info

  • Palomino, F.
  • Vega, F.

Abstract

This paper proposes an aspiration-based model of bounded rationality, which is applied to a large-population context where agents are re-matched every period to play a Prisoner's Dilemma.

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Bibliographic Info

Paper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 345.96.

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Length: 23 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:aub:autbar:345.96

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Keywords: GAME THEORY; INFORMATION;

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Cited by:
  1. Altavilla, Carlo & Luini, Luigi & Sbriglia, Patrizia, 2006. "Social learning in market games," Journal of Economic Behavior & Organization, Elsevier, vol. 61(4), pages 632-652, December.
  2. Alexander F. Tieman & Harold Houba & Gerard van der Laan, 1998. "Cooperation in a Multi-Dimensional Local Interaction Model," Game Theory and Information 9803002, EconWPA.
  3. Marcin Dziubinski & Jaideep Roy, 2007. "Endogenous Selection of Aspiring and Rational rules in Coordination Games," CEDI Discussion Paper Series 07-14, Centre for Economic Development and Institutions(CEDI), Brunel University.
  4. Alexander Tieman & Harold Houba & Gerard Laan, 2000. "On the level of cooperative behavior in a local-interaction model," Journal of Economics, Springer, vol. 71(1), pages 1-30, February.
  5. Huw D. Dixon & Paolo Lupi, . "Learning with a Known Average: A Simulation Study of Alternative Learning Rules," Discussion Papers 97/18, Department of Economics, University of York.
  6. Enrique Fatás & Francisca Jiménez & Antonio Morales, 2011. "Controlling for initial endowment and experience in binary choice tasks," Journal of Risk and Uncertainty, Springer, vol. 43(3), pages 227-243, December.
  7. Robert S. Gazzale, 2009. "Learning to Play Nash from the Best," Department of Economics Working Papers 2009-03, Department of Economics, Williams College.
  8. Dziubiński, Marcin & Roy, Jaideep, 2012. "Popularity of reinforcement-based and belief-based learning models: An evolutionary approach," Journal of Economic Dynamics and Control, Elsevier, vol. 36(3), pages 433-454.
  9. Izquierdo, Luis R. & Izquierdo, Segismundo S. & Gotts, Nicholas M. & Polhill, J. Gary, 2007. "Transient and asymptotic dynamics of reinforcement learning in games," Games and Economic Behavior, Elsevier, vol. 61(2), pages 259-276, November.
  10. Dixon, Huw D. & Sbriglia, Patrizia & Somma, Ernesto, 2006. "Learning to collude: An experiment in convergence and equilibrium selection in oligopoly," Research in Economics, Elsevier, vol. 60(3), pages 155-167, September.
  11. Angelo Antoci & Pier Sacco & Luca Zarri, 2004. "Coexistence of Strategies and Culturally-Specific Common Knowledge: An Evolutionary Analysis," Journal of Bioeconomics, Springer, vol. 6(2), pages 165-194, May.

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