Arbeitspapier
Cooperation as a Result of Learning with Aspiration Levels
It is shown that a win-stay, lose-hift behavior rule with endogenous aspiration levels yields cooperation in a certain class of games. The aspiration level in each round equals the current population average. The class of games includes the prisoner's dilemma and Cournot oligopoly and thus yields an explanation for cooperation and collusion.
- Language
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Englisch
- Bibliographic citation
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Series: Bonn Econ Discussion Papers ; No. 8/2001
- Classification
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Wirtschaft
Noncooperative Games
Oligopoly and Other Imperfect Markets
- Subject
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cooperation
- Event
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Geistige Schöpfung
- (who)
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Oechssler, Jörg
- Event
-
Veröffentlichung
- (who)
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University of Bonn, Bonn Graduate School of Economics (BGSE)
- (where)
-
Bonn
- (when)
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2001
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Oechssler, Jörg
- University of Bonn, Bonn Graduate School of Economics (BGSE)
Time of origin
- 2001
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Reaction to Price Changes and Aspiration Level Adjustments
Supplements to "Aspiration levels in bargaining and economic decision making"
Aspiration und Aspirin
Is there an optimization in bounded rationality? : The ratio of aspiration levels
Die Aspiration der Odontoblasten
An application of the level of aspiration experiment to the study of personality
Individuals time perspectives and its relation to academic performance and career aspiration levels
9. Result
Learning to Dream: Education, Aspiration, and Working Lives in Colonial India (1880s-1940s)
37-200, II. Die Aspiration
Die Aspiration und die Lautverschiebung