A non-cooperative Pareto-efficient solution to a single-shot Prisoner's Dilemma
Haoyang Wu (18621753457@163.com)
MPRA Paper from University Library of Munich, Germany
Abstract:
The Prisoner's Dilemma is a simple model that captures the essential contradiction between individual rationality and global rationality. Although the single-shot Prisoner's Dilemma is usually viewed simple, in this paper we will propose an algorithmic model and a non-binding scheme to help non-cooperative agents obtain Pareto-efficient payoffs self-enforcingly. The scheme stems from quantum game theory, but is applicable to the macro world immediately.
Keywords: Quantum game theory; Prisoner's Dilemma (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Date: 2011-04-05
New Economics Papers: this item is included in nep-gth and nep-hpe
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https://mpra.ub.uni-muenchen.de/34953/1/MPRA_paper_34953.pdf revised version (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:30070
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