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Social Consequences of Commitment

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  • Isaac, Alan G

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.

Suggested Citation

  • Isaac, Alan G, 2006. "Social Consequences of Commitment," MPRA Paper 414, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:414
    as

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    File URL: https://mpra.ub.uni-muenchen.de/414/1/MPRA_paper_414.pdf
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    References listed on IDEAS

    as
    1. Hahn, Frank, 1991. "The Next Hundred Years," Economic Journal, Royal Economic Society, vol. 101(404), pages 47-50, January.
    2. Alan G. Isaac & Walter G. Park, 2004. "On Intellectual Property Rights: Patents versus Free and Open Development," Chapters, in: Enrico Colombatto (ed.), The Elgar Companion to the Economics of Property Rights, chapter 18, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    ACE; agent-based; computational economics; iterated prisoner's dilemma; evolutionary prisoner's dilemma; commitment;
    All these keywords.

    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; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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