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Evolving Aspirations and Cooperation

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Author Info
Karandikar, R.
Mokherjee, D.
Ray, D.
Vega-Redondo, F.

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Abstract

A model of "satisficing" behavior in the repeated Prisoners Dilemma is studied. Each player has an aspiration at each date, and takes an action. (S)he switches from the action played in the previous period only if the achieved payoff fell below the aspiration level (with a probability that depends on the shortfall).

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Publisher Info
Paper provided by Valencia - Instituto de Investigaciones Economicas in its series Papers with number 96-06.

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Length: 39 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:valinv:96-06

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Postal: Instituto Valenciano de InvEstigaciones Economics, C/Guardia Civil, 22, Esc. 2, 1 46020 Valencia (Espana).
Phone: +34 96 319 00 50
Fax: +34 96 319 00 55
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Web page: http://www.ivie.es/
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Related research
Keywords: GAMES GAME THEORY

Other versions of this item:

Find related papers by JEL classification:
C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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  1. Atanasios Mitropoulos, 2001. "Little Information, Efficiency, and Learning - An Experimental Study," Game Theory and Information 0110002, EconWPA. [Downloadable!]
  2. 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:
  3. Lones Smith & Ennio Stacchetti, 2002. "Aspirational Bargaining," Game Theory and Information 0201003, EconWPA. [Downloadable!]
  4. Atanasios Mitropoulos, 2001. "On the Measurement of the Predictive Success of Learning Theories in Repeated Games," Experimental 0110001, EconWPA. [Downloadable!]
  5. Friederike Mengel, 2007. "Learning Across Games," Working Papers. Serie AD 2007-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
  6. Francesco Feri, 2005. "Stochastic Stability in Network with Decay," Working Papers 2005.40, Fondazione Eni Enrico Mattei. [Downloadable!]
  7. John Duffy, 2004. "Agent-Based Models and Human Subject Experiments," Computational Economics 0412001, EconWPA. [Downloadable!]
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  8. Francesco Feri, 2005. "Network Formation with Endogenous Decay," Working Papers 2005.35, Fondazione Eni Enrico Mattei. [Downloadable!]
  9. Paul Frijters & Alexander F. Tieman, 1999. "The Role and Evolution of Central Authorities," Tinbergen Institute Discussion Papers 99-053/1, Tinbergen Institute. [Downloadable!]
    Other versions:
  10. Fernando Vega Redondo, 1997. "- Unfolding Social Hierarchies In Large Population Games," Working Papers. Serie AD 1997-23, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
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  11. Jeffrey Carpenter & Peter Hans Matthews, 2003. "No Switchbacks: Rethinking Aspiration-Based Dynamics in the Ultimatum Game," Middlebury College Working Paper Series 0218r, Middlebury College, Department of Economics. [Downloadable!]
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  12. Dean P Foster & Peyton Young, 2006. "Regret Testing Leads to Nash Equilibrium," Levine's Working Paper Archive 784828000000000676, UCLA Department of Economics. [Downloadable!]
  13. 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. [Downloadable!]
  14. H. Peyton Young, 2008. "Learning by Trial and Error," Economics Series Working Papers 384, University of Oxford, Department of Economics. [Downloadable!]
  15. Mikhael Shor, 2003. "Learning to Respond: The Use of Heuristics in Dynamic Games," Game Theory and Information 0301001, EconWPA. [Downloadable!]
  16. Tilman Börgers & Rajiv Sarin, . "Naive Reinforcement Learning With Endogenous Aspiration," ELSE working papers 037, ESRC Centre on Economics Learning and Social Evolution. [Downloadable!]
  17. Jonathan Bendor & Dilip Mookherjee & Debraj Ray, 2001. "Reinforcement Learning in Repeated Interaction Games," Advances in Theoretical Economics, Berkeley Electronic Press, vol. 1(advances/), pages 1008-1008. [Downloadable!] (restricted)
  18. Niall O'Higgins & Patrizia Sbriglia, 2006. "Are Imitative Strategies Game Specific? Experimental Evidence from Market Games," Labsi Experimental Economics Laboratory University of Siena 011, University of Siena. [Downloadable!]
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