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Title:
Flights towards defection in economic transactions
Authors:
ID
Perc, Matjaž
(
Author
)
Files:
http://www.sciencedirect.com/science/journal/01651765
RAZ_Perc_Matjaz_2007.pdf
(302,33 KB)
MD5: F1904FD2163774863EBB5B7F5723A0CD
Language:
Slovenian
Work type:
Article
Typology:
1.01 - Original Scientific Article
Organization:
FNM - Faculty of Natural Sciences and Mathematics
Abstract:
We show that Lévy distributed variations of payoffs in the prisoner's 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:
chaotic systems
,
game theory
,
Lévy process
,
cooperation
,
social welfare
Year of publishing:
2007
PID:
20.500.12556/DKUM-35866
UDC:
519.83
ISSN on article:
0165-1765
COBISS.SI-ID:
15661320
NUK URN:
URN:SI:UM:DK:6LM9S8E1
Publication date in DKUM:
07.06.2012
Views:
2145
Downloads:
205
Metadata:
Categories:
Misc.
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Record is a part of a journal
Title:
Economics Letters
Shortened title:
Econ. lett.
Publisher:
North-Holland
ISSN:
0165-1765
COBISS.SI-ID:
25366784
Secondary language
Language:
English
Keywords:
kaotični sistemi
,
teorija iger
,
Lévyjevi procesi
,
kooperacija
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