In Defense of DEFECT

Authors: 
Oscar Volij
Abstract: 

The one-state machine that always defects is the only evolutionarily stable strategy in the machine game that is derived from the prisoner's dilemma, when preferences are lexicographic in complexity. This machine is the only stochastically stable strategy of the machine game when players are restricted to choosing machines with a uniformly bounded complexity.

Date: 
May, 2000
Published in: 
Games and Economic Behavior 39 (2000), 309-321.
Number: 
220