Article ID Journal Published Year Pages File Type
5099157 Journal of Economic Dynamics and Control 2012 15 Pages PDF
Abstract
This paper analyzes an evolutionary version of the Public Good game in which boundedly rational agents can use imitation and best-reply decision rules. Several possibilities for both decision rules to be present in the population are considered. I show that altruistic behavior might survive if switching between the decision rules occurs less often than the probabilities of errors in choosing a strategy and if local neighborhoods are not too small or too large.
Related Topics
Physical Sciences and Engineering Mathematics Control and Optimization
Authors
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