The absent-minded prisoner

• Autores: Alexander Dilger
• Localización: Spanish economic review, ISSN 1435-5469, Vol. 8, Nº 4, 2006, págs. 301-315
• Idioma: inglés
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• Resumen

  • If one of two rational players is absent-minded for at least three rounds, cooperation in a prisoners¿ dilemma with a finite number of repetitions is possible. If both players are absent-minded, even two rounds of absent-mindedness can be enough for cooperation in these rounds and all rounds before. Sufficient conditions for the existence of a cooperative equilibrium are derived, a plausible interpretation of absent-mindedness in the case of many repetitions is given.