Can evolutionary dynamics explain free riding in experiments?

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Can Evolutionary Dynamics Explain Free Riding in Experiments?

Free riding experiments have generated many anomalous results that cannot be explained with standard Nash equilibrium models of public goods. This paper examines the experiments within the context of evolutionary game theory. This approach models the decision process of agents by an adaptive learning algorithm. The algorithm ‘strengthens’ strategies that do relatively well and ‘weakens’ strateg...

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ژورنال

عنوان ژورنال: Economics Letters

سال: 1991

ISSN: 0165-1765

DOI: 10.1016/0165-1765(91)90047-o