Evolutionary stability in repeated extensive games played by finite automata

Luciano Andreozzi

Games and Economic Behavior, 2013, vol. 79, issue C, 67-74

Abstract: We discuss the emergence of cooperation in repeated Trust Mini-Games played by finite automata. Contrary to a previous result obtained by Piccione and Rubinstein (1993), we first prove that this repeated game admits two Nash equilibria, a cooperative and a non-cooperative one. Second, we show that the cooperative equilibrium is the only (cyclically) stable set under the so-called best response dynamics.

Keywords: Finite automata; Trust game; Evolutionary stability; Cooperation (search for similar items in EconPapers)
JEL-codes: C70 C72 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:79:y:2013:i:c:p:67-74

DOI: 10.1016/j.geb.2013.01.003

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