Title of article
Flights towards defection in economic transactions
Author/Authors
Matja? Perc، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
6
From page
58
To page
63
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
Serial Year
2007
Journal title
Economics Letters
Record number
436324
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