Social Cognition in the Evolutionary Chicken Game
AbstractThis paper explores a model of bounded rationality in evolutionary game play in which agent choice is based on a social psychological process of categorization and social inference. The computer simulation of the model demonstrates that agents' increasing ability to categorize opponents in the chicken game affords a higher population average payoff and introduces increasing social stratification among them. Greater trait diversity and population size are shown to have a harmful effect on payoffs. A VERSION OF THIS PAPER IS FORTHCOMING IN COMPUTATIONAL ECONOMICS UNDER THE TITLE "THE COGNITIVE ORGINS OF SOCIAL STRATIFICATION".
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Bibliographic InfoPaper provided by Industrial Economics Division in its series Occasional Papers with number 2.
Date of creation: 10 Oct 2001
Date of revision: 10 Apr 2001
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bounded rationality; social cognition; chicken game; stereotypes; categorization; adaptive expectations; social inference; discrimination; social stratification;
Other versions of this item:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
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