Satisficing leads to cooperation in mutual interests games

被引:16
作者
Pazgal, A [1 ]
机构
[1] Northwestern Univ, JL Kellogg Grad Sch Management, Dept Managerial Econ & Decis Sci, Evanston, IL 60208 USA
关键词
D O I
10.1007/BF01813884
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study the play of mutual interests games by satisficing decision makers. We show that, for a high enough initial aspiration level, and under certain assumptions of "tremble," there is a high probability (close to unity) of convergence to the Pareto dominant cooperative outcome. Simulations indicate that the theoretical result is robust with respect to the "trembling" mechanism.
引用
收藏
页码:439 / 453
页数:15
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