| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062309 | Economics Letters | 2007 | 6 Pages |
Abstract
We show that Lévy distributed variations of payoffs in the prisoner's dilemma game impede cooperation as the frequency of rare events increases. Lévy flights thus facilitate defection, but also uphold the evolutionary process, arguably maintaining a healthy level of competitiveness amongst the agents.
Related Topics
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Economics, Econometrics and Finance
Economics and Econometrics
Authors
Matjaž Perc,