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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.

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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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Publisher 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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Find related papers by JEL classification:
D64 - Microeconomics - - Welfare Economics - - - Altruism
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information

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  1. 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. [Downloadable!]
    Other versions:
  2. 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. [Downloadable!]
    Other versions:
  3. Carlo Altavilla & Luigi Luini & Patrizia Sbriglia, 2005. "Social Learning in Market Games," Labsi Experimental Economics Laboratory University of Siena 003, University of Siena. [Downloadable!]
    Other versions:
  4. 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. [Downloadable!] (restricted)
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This page was last updated on 2009-12-16.


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