Evolution in the finitely repeated prisoner's dilemma

John H. Nachbar

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    37 Scopus citations

    Abstract

    This paper examines some aspects of 'evolutionary' dynamic behavior in the finitely repeated prisoner's dilemma. The 'fitness' of cooperation found in the best known simulation of this type, that by Robert Axelrod, stems from strategy set restrictions: The game used for the simulation has a continuum of pure cooperation equilibria and no pure defection equilibrium. Some new simulations are presented here for the finitely repeated game. Although cooperation is ultimately exploited and extinguished, dynamic paths can 'pseudo converge' in ways that allow partial cooperation to flourish for extended periods of time.

    Original languageEnglish
    Pages (from-to)307-326
    Number of pages20
    JournalJournal of Economic Behavior and Organization
    Volume19
    Issue number3
    DOIs
    StatePublished - Dec 1992

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