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·인용수 5
·1999
Satisficing and Optimality in 2 x 2 Common Interest Games
Youngse Kim
SSRN Electronic Journal
초록

The paper studies the evolution of cooperation when satisficing players repeatedly play a symmetric two-by-two game of common interest. We show that if initial aspiration levels are sufficiently close to the efficient payoff and aspiration adjusts at a sufficiently slow speed then the unique long run state will be the efficient outcome. In the special case of coordination games, the more tension there is between payoff dominance and risk dominance, the longer it takes for the system to lock into the payoff dominant outcome.

키워드
SatisficingOutcome (game theory)Risk dominanceStochastic gameDominance (genetics)Mathematical economicsCoordination gameEconomicsMicroeconomicsRepeated game
타입
article
IF / 인용수
- / 5
게재 연도
1999

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