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Aspirations, Adaptive Learning and Cooperation in Reapeted Games

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Author Info

  • Bendor, J.
  • Mookherjee, D.
  • Ray, D.

Abstract

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Bibliographic Info

Paper provided by Boston University - Department of Economics in its series Papers with number 27.

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Length: 29 pages
Date of creation: 1994
Date of revision:
Handle: RePEc:fth:bostec:27

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Keywords: game theory;

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References

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  1. Milgrom, Paul & Roberts, John, 1991. "Adaptive and sophisticated learning in normal form games," Games and Economic Behavior, Elsevier, vol. 3(1), pages 82-100, February.
  2. Kandori, M. & Mailath, G.J., 1991. "Learning, Mutation, And Long Run Equilibria In Games," Papers, Princeton, Woodrow Wilson School - John M. Olin Program 71, Princeton, Woodrow Wilson School - John M. Olin Program.
  3. Mookherjee Dilip & Sopher Barry, 1994. "Learning Behavior in an Experimental Matching Pennies Game," Games and Economic Behavior, Elsevier, vol. 7(1), pages 62-91, July.
  4. Gilboa, Itzhak & Schmeidler, David, 1995. "Case-Based Decision Theory," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 110(3), pages 605-39, August.
  5. Smith, Vernon L, 1991. "Rational Choice: The Contrast between Economics and Psychology," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 99(4), pages 877-97, August.
  6. Selten, Reinhard & Stoecker, Rolf, 1986. "End behavior in sequences of finite Prisoner's Dilemma supergames A learning theory approach," Journal of Economic Behavior & Organization, Elsevier, vol. 7(1), pages 47-70, March.
  7. David Canning, 1989. "Convergence to Equilibrium in a Sequence for Games with Learning," STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE 190, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
  8. Winter, Sidney G, 1971. "Satisficing, Selection, and the Innovating Remnant," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 85(2), pages 237-61, May.
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Citations

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Cited by:
  1. T. Borgers & R. Sarin, 2010. "Naïve Reinforcement Learning With Endogenous Aspirations," Levine's Working Paper Archive 381, David K. Levine.
  2. Huw D. Dixon & Paolo Lupi, . "Learning With a Known Average: a Simulation Study of Alternative Learning Rules," Computing in Economics and Finance 1997 154, Society for Computational Economics.
  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. F. de Vries, 1999. "The Behavioral Firm and Its Internal Game: Evolutionary Dynamics of Decision Making," Working Papers ir99036, International Institute for Applied Systems Analysis.
  5. Tone Dieckmann, 1998. "Stochastic Learning and the Evolution of Conventions," Constitutional Political Economy, Springer, vol. 9(3), pages 187-212, September.
  6. Amit Pazgal, 1995. "Satisficing Leads to Cooperation in Mutual Interests Games," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 1126, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  7. Dixon, Huw David, 2000. "Keeping up with the Joneses: competition and the evolution of collusion," Journal of Economic Behavior & Organization, Elsevier, vol. 43(2), pages 223-238, October.
  8. Ken Binmore & Larry Samuelson, 2010. "Muddling Through: Noisy Equilibrium Selection," Levine's Working Paper Archive 426, David K. Levine.
  9. Possajennikov, A., 1997. "An Analysis of a Simple Reinforcement Dynamics: Learning to Play an "Egalitarian" Equilibrium," Discussion Paper, Tilburg University, Center for Economic Research 1997-19, Tilburg University, Center for Economic Research.
  10. Ken Binmore & Larry Samuelson, . "Muddling Through: Moisy Equlibrium Selection," ELSE working papers 036, ESRC Centre on Economics Learning and Social Evolution.

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