• 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