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In Defense of DEFECT or Cooperation does not Justify the Solution Concept

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  • Oscar Volij

    (Department of Economics, Brown University, and Department of Economics, Hebrew University of Jerusalem.)

Abstract

The 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.

Suggested Citation

  • 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.
    • Handle: RePEc:nid:ovolij:007
    as

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    File URL: http://volij.co.il/publications/papers/ess.pdf
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    References listed on IDEAS

    as
    1. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
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    More about this item

    Keywords

    Cooperation; prisoners' dilemma; automata; evolution.;
    All these keywords.

    JEL classification:

    • 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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