In Defense of DEFECT

Citation:

Volij, O. . (2000). In Defense of DEFECT. Discussion Papers. presented at the 5, Games and Economic Behavior 39 (2000), 309-321. Retrieved from /files/dp220.pdf

Abstract:

The one-state machine that always defects is the only evolutionarily stable strategy in the machine game that is derived from the prisoner's dilemma, when preferences are lexicographic in complexity. This machine is the only stochastically stable strategy of the machine game when players are restricted to choosing machines with a uniformly bounded complexity.

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