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<dc:creator>Sandholm, William H.</dc:creator>
<dc:creator>Izquierdo, Segismundo S.</dc:creator>
<dc:creator>Izquierdo Millán, Luis Rodrigo</dc:creator>
<dc:date>2019-11</dc:date>
<dc:description>We study population game dynamics under which each revising agent tests each&#xd;
of his strategies a fixed number of times, with each play of each strategy being&#xd;
against a newly drawn opponent, and chooses the strategy whose total payoff was&#xd;
highest. In the centipede game, these best experienced payoff dynamics lead to cooperative&#xd;
play. When strategies are tested once, play at the almost globally stable&#xd;
state is concentrated on the last few nodes of the game, with the proportions of&#xd;
agents playing each strategy being largely independent of the length of the game.&#xd;
Testing strategies many times leads to cyclical play.</dc:description>
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<dc:language>eng</dc:language>
<dc:publisher>Econometric Society</dc:publisher>
<dc:title>Best experienced payoff dynamics and cooperation in the centipede game</dc:title>
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