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Cooperation In Heterogeneous Population

Author

Listed:
  • Sawoong Kang

    (Handong Global University)

Abstract

This paper analyzes a heterogeneous population in which selfish players and fair players are spatially distributed, and they are randomly and repeatedly matched to play a prisoner's dilemma. Players are assumed to behave in a myopic manner. By introducing the random experimentation of fair players, we show that the system described by a Markov process converges to a best possible equilibrium in the long run. Simulation results show that the structure of interactions plays an important role in determining the long-run cooperation rate.

Suggested Citation

  • Sawoong Kang, 2004. "Cooperation In Heterogeneous Population," Korean Economic Review, Korean Economic Association, vol. 20, pages 53-73.
    • Handle: RePEc:kea:keappr:ker-20040630-20-1-03
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    File URL: http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-20040630-20-1-03.pdf
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    More about this item

    Keywords

    Heterogeneous Population; Myopic Best Response; Random Experimentation; Long-run Equilibrium; Interaction Structure;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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