2026-06-21T17:31:31Zhttps://riubu.ubu.es/oai/requestoai:riubu.ubu.es:10259/71122022-11-03T01:05:36Zcom_10259_3830com_10259_5086com_10259_2604col_10259_3832
Repositorio Institucional de la Universidad de Burgos
author
Izquierdo, Segismundo S.
author
Izquierdo Millán, Luis Rodrigo
2022-11-02T12:52:48Z
2022-11-02T12:52:48Z
2022-10
2164-6066
http://hdl.handle.net/10259/7112
10.3934/jdg.2021018
2164-6074
Explaining cooperative experimental evidence in the Centipede game constitutes a challenge for rational game theory. Traditional analyses of Centipede based on backward induction predict uncooperative behavior. Furthermore, analyses based on learning or adaptation under the assumption that those strategies that are more successful in a population tend to spread at a higher rate usually make the same prediction. In this paper we consider an adaptation model in which agents in a finite population do adopt those strategies that turn out to be most successful, according to their own experience. However, this behavior leads to an equilibrium with high levels of cooperation and whose qualitative features are consistent with experimental evidence.
eng
Evolutionary game dynamics
Centipede game
Backwards induction
Cooperation
Simulation
Best experienced payoff dynamics
Finite population
"Test two, choose the better" leads to high cooperation in the Centipede game
info:eu-repo/semantics/article
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URL
https://riubu.ubu.es/bitstream/10259/7112/1/Izquierdo-jdg_2022.pdf
File
MD5
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1992354
application/pdf
Izquierdo-jdg_2022.pdf