Huck, S. and Normann, H.-T. and Oechssler, J. (2004) GLAD: a simple adaptive strategy that yields cooperation in dilemma games. (ELSE Working Papers 83). ESRC Centre for Economic Learning and Social Evolution: London, UK.
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Abstract
We introduce a simple adaptive rule where agents choose a cooperative effort on a grid. Agents can adjust this effort step by step and Gains and Losses Adjust Directions. We show that this process con- verges to the cooperative outcome in a two-person Prisoners' Dilemma game, and we provide simulations showing that the results also holds with a larger number of agents.
| Type: | Working / discussion paper |
|---|---|
| Title: | GLAD: a simple adaptive strategy that yields cooperation in dilemma games |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://else.econ.ucl.ac.uk/newweb/papers.php |
| Language: | English |
| Keywords: | Cooperation, prisoners' dilemma, adaptive dynamics |
| UCL classification: | UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics |
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