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Bounded rationality in laboratory bargaining with asymmetric information

โœ Scribed by Timothy N. Cason; Stanley S. Reynolds

Publisher
Springer
Year
2005
Tongue
English
Weight
243 KB
Volume
25
Category
Article
ISSN
0938-2259

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An evolutionary snowdrift game (SG) that incorporates bounded rationality and limited information in the evolutionary process is proposed and studied. Based on SG in a wellmixed population and defining the winning action at a turn to be the one that gets a higher payoff, the most recent m winning ac