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Asymmetric Equilibria in Symmetric Multiplayer Prisoners Dilemma Supergames

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  • Davidson Cheng

Abstract

We propose a finite automaton-style solution concept for supergames. In our model, we define an equilibrium to be a cycle of state switches and a supergame to be an infinite walk on states of a finite stage game. We show that if the stage game is locally non-cooperative, and the utility function is monotonously decreasing as the number of defective agents increases, the symmetric multiagent prisoners' dilemma supergame must contain one symmetric equilibrium and can contain asymmetric equilibria.

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  • Davidson Cheng, 2022. "Asymmetric Equilibria in Symmetric Multiplayer Prisoners Dilemma Supergames," Papers 2205.13772, arXiv.org.
  • Handle: RePEc:arx:papers:2205.13772
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    4. Rubinstein, Ariel, 1979. "Equilibrium in supergames with the overtaking criterion," Journal of Economic Theory, Elsevier, vol. 21(1), pages 1-9, August.
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