Title of article :
Flights towards defection in economic transactions
Author/Authors :
Matja? Perc، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2007
Abstract :
We show that Lévy distributed variations of payoffs in the prisonerʹs dilemma game impede cooperation as the frequency of rare events increases. Lévy flights thus facilitate defection, but also uphold the evolutionary process, arguably maintaining a healthy level of competitiveness amongst the agents
Keywords :
Social welfare , Lévy process , Game theory , Cooperation
Journal title :
Economics Letters
Journal title :
Economics Letters