INVASION DYNAMICS OF THE FINITELY REPEATED PRISONERS-DILEMMA

Citation
Ma. Nowak et K. Sigmund, INVASION DYNAMICS OF THE FINITELY REPEATED PRISONERS-DILEMMA, Games and economic behavior, 11(2), 1995, pp. 364-390
Citations number
41
Categorie Soggetti
Economics
Journal title
ISSN journal
08998256
Volume
11
Issue
2
Year of publication
1995
Pages
364 - 390
Database
ISI
SICI code
0899-8256(1995)11:2<364:IDOTFR>2.0.ZU;2-I
Abstract
Computer simulations have shown that mutation-selection processes freq uently lead to the establishment of cooperation in the repeated prison er's dilemma. To simplify the mathematical analysis, it has usually be en assumed that the interaction is repeated infinitely often. Here, we consider the finitely repeated case. Using renewal equations, we deri ve analytic results on the adaptive dynamics of monomorphic population s evolving in trait-space, describe the cooperation-rewarding zone and specify when unconditional defectors can invade. Tit for tat plays an essential, but transient, role in the evolution of cooperation. A lar ge part of the paper considers the case when players make their moves not simultaneously, but alternatingly. (C) 1995 Academic Press, Inc.