In Defense of 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 Oscar Volij in its series Economic theory and game theory with number 007.
Date of creation: 30 Dec 1998
Date of revision: 26 Aug 1999
Publication status: Published in Games and Economic Behavior, 39, 309--321 (2002).
Contact details of provider:
Postal: Oscar Volij, Department of Economics, Ben-Gurion University, Beer-Sheva 84105, Israel
Web page: http://volij.co.il/
Other versions of this item:
- Oscar Volij, 1999. "In Defense or Defect or Cooperation Does not Justify the Solution Concept," Working Papers 99-26, Brown University, Department of Economics.
- 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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