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