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Social Consequences of Commitment

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Author Info
Isaac, Alan G

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Abstract

This paper begins with a detailed computational introduction to a classic ACE model: an evolutionary prisoner's dilemma. The paper presents a simple but fully coded object oriented implementation of this model. (We use the Python programming language, which is shown to be a natural ally for ACE research). Using these tools, we demonstrate that player type evolution is affected by cardinal payoffs. We then explore a possible social benefit to commitment, where 'commitment' denotes an unwillingness to surrender a reciprocal strategy.

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File URL: http://mpra.ub.uni-muenchen.de/414/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 414.

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Date of creation: 11 Oct 2006
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Handle: RePEc:pra:mprapa:414

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Related research
Keywords: ACE agent-based computational economics iterated prisoner's dilemma evolutionary prisoner's dilemma commitment

Find related papers by JEL classification:
C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
C63 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computational Techniques

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  1. Hahn, Frank, 1991. "The Next Hundred Years," Economic Journal, Royal Economic Society, vol. 101(404), pages 47-50, January. [Downloadable!] (restricted)
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This page was last updated on 2008-11-17.


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