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Aspirations, adaptive learning and cooperation in repeated games

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  • Bendor, J.
  • Mookherjee, D.
  • Ray, D.

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  • Bendor, J. & Mookherjee, D. & Ray, D., 1994. "Aspirations, adaptive learning and cooperation in repeated games," Discussion Paper 1994-42, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:c6ea5c7a-58cb-4f42-8324-21c77c844b96
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    References listed on IDEAS

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    1. Selten, Reinhard & Stoecker, Rolf, 1986. "End behavior in sequences of finite Prisoner's Dilemma supergames A learning theory approach," Journal of Economic Behavior & Organization, Elsevier, vol. 7(1), pages 47-70, March.
    2. Itzhak Gilboa & David Schmeidler, 1995. "Case-Based Decision Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 605-639.
    3. Kandori, Michihiro & Mailath, George J & Rob, Rafael, 1993. "Learning, Mutation, and Long Run Equilibria in Games," Econometrica, Econometric Society, vol. 61(1), pages 29-56, January.
    4. Smith, Vernon L, 1991. "Rational Choice: The Contrast between Economics and Psychology," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 877-897, August.
    5. Herbert A. Simon, 1955. "A Behavioral Model of Rational Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(1), pages 99-118.
    6. David Canning, 1989. "Convergence to Equilibrium in a Sequence for Games with Learning," STICERD - Theoretical Economics Paper Series 190, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    7. Arthur, W Brian, 1993. "On Designing Economic Agents That Behave Like Human Agents," Journal of Evolutionary Economics, Springer, vol. 3(1), pages 1-22, February.
    8. Sidney G. Winter, 1971. "Satisficing, Selection, and the Innovating Remnant," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(2), pages 237-261.
    9. Milgrom, Paul & Roberts, John, 1991. "Adaptive and sophisticated learning in normal form games," Games and Economic Behavior, Elsevier, vol. 3(1), pages 82-100, February.
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    Citations

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    Cited by:

    1. Jaideep Roy, 2007. "When Aspiring And Rational Agents Strive To Coordinate," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 461-475.
    2. de Vries, F.P., 1999. "The Behavioral Firm and Its Internal Game : Evolutionary Dynamics of Decision Making," Other publications TiSEM 81ac857a-7637-49d8-a52e-3, Tilburg University, School of Economics and Management.
    3. Huw D. Dixon & Paolo Lupi, "undated". "Learning with a Known Average: A Simulation Study of Alternative Learning Rules," Discussion Papers 97/18, Department of Economics, University of York.
    4. Possajennikov, A., 1997. "An Analysis of a Simple Reinforcement Dynamics : Learning to Play an "Egalitarian" Equilibrium," Discussion Paper 1997-19, Tilburg University, Center for Economic Research.
    5. Ken Binmore & Larry Samuelson, "undated". "Muddling Through: Moisy Equlibrium Selection," ELSE working papers 036, ESRC Centre on Economics Learning and Social Evolution.
    6. Borgers, Tilman & Sarin, Rajiv, 2000. "Naive Reinforcement Learning with Endogenous Aspirations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 41(4), pages 921-950, November.
    7. Ken Binmore & Larry Samuelson, 2010. "Muddling Through: Noisy Equilibrium Selection," Levine's Working Paper Archive 426, David K. Levine.
    8. Dixon, Huw David, 2000. "Keeping up with the Joneses: competition and the evolution of collusion," Journal of Economic Behavior & Organization, Elsevier, vol. 43(2), pages 223-238, October.
    9. Marcin Dziubinski & Jaideep Roy, 2007. "Endogenous Selection of Aspiring and Rational rules in Coordination Games," CEDI Discussion Paper Series 07-14, Centre for Economic Development and Institutions(CEDI), Brunel University.
    10. Amit Pazgal, 1995. "Satisficing Leads to Cooperation in Mutual Interests Games," Discussion Papers 1126, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    11. Roy, Jaideep, 2000. "Learning with bounded memory," UC3M Working papers. Economics 7224, Universidad Carlos III de Madrid. Departamento de Economía.
    12. Tone Dieckmann, 1998. "Stochastic Learning and the Evolution of Conventions," Constitutional Political Economy, Springer, vol. 9(3), pages 187-212, September.

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    Keywords

    Game Theory; Repeated Games;

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