In Defense or Defect or Cooperation Does not Justify the Solution Concept
AbstractThe one-state machine that always defects is the only evolutionarily stable strategy in the machine game that is derived from the prisoners' dilemma, when preferences are lexicographic in the complexity. This machine is the only stochastically stable strategy of the machine game when players are restricted to choosing machines with a uniformly bounded complexity.
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Bibliographic InfoPaper provided by Brown University, Department of Economics in its series Working Papers with number 99-26.
Date of creation: 1999
Date of revision:
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Postal: Department of Economics, Brown University, Providence, RI 02912
Other versions of this item:
- Oscar Volij, 1998. "In Defense of DEFECT or Cooperation does not Justify the Solution Concept," Economic theory and game theory 007, Oscar Volij, revised 26 Aug 1999.
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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