Article ID Journal Published Year Pages File Type
972527 Mathematical Social Sciences 2015 4 Pages PDF
Abstract

•We present a reformulation of the centipede game.•The reformulation hinges on a time-dependent social norm and on player proximity.•We present sufficient conditions for subgame perfection to dictate cooperative outcomes.

In this paper, we present a formulation of the centipede game where inter-subjectivity between players is formalized through random costs that are an increasing function, in the sense of first-order stochastic dominance, of the number of iterations for which the game is played. This injection of a time-dependent social norm, one that also parametrizes player proximity, as an element of each player’s introspective calculations formalizes a setting under which subgame perfection dictates cooperative outcomes.

Related Topics
Physical Sciences and Engineering Mathematics Applied Mathematics
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