Learning aspiration in repeated games
Learning aspiration in repeated games
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DOI:
10.1016/j.jet.2004.12.001
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发表时间:
2005-10-01
影响因子:
1.6
通讯作者:
Matsui, A
中科院分区:
文献类型:
--
作者:
Cho, IK;Matsui, A
We study infinitely repeated symmetric 2x2 games played by bounded rational agents who follow a simple rule of thumb: each agent continues to play the same action if the current payoff exceeds the average of the past payoffs, and switches to the other action with a positive probability otherwise. By applying the stochastic approximation technique, we characterize the asymptotic outcomes for all 2x2 games. In the prisoners' dilemma game, for example, the players cooperate in the limit if and only if the gain from defecting against cooperation is "modest." (c) 2005 Elsevier Inc. All rights reserved.