Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that a single play of a prisoner's dilemma game has the following payoffs: Cooperate Defect Cooperate 3,3 1,4 Defect 4,1 2,2 In a large

Suppose that a single play of a prisoner's dilemma game has the following payoffs: Cooperate Defect

Cooperate 3,3 1,4 Defect 4,1 2,2

In a large population in which each member's behavior is genetically determined, each player will be either a defector (that is, always defects in any play of a prisoner's dilemma game) or a tit-for-tat player (In multiple rounds of a prisoner's dilemma, she cooperates on the first play, and on any subsequent play she does whatever her opponent did on the preceding play). Pairs of randomly chosen players from this population will play "sets" of n single plays of this prisoner's dilemma (where n 2). The payoff to each player in one whole set (of n plays) is the sum of her payoffs in the n plays. Let the population proportion of defectors be p and the proportion of tit-for-tat players be (1-p).

a. Show in a two-by-two table the payoffs to a player of each type when, in one set of plays, each player meets an opponent of each of the two types.

b. Find the fitness (average payoff in one set against a randomly chosen opponent) for a defector, as a function of n and p.

c. Find the fitness (average payoff in one set against a randomly chosen opponent) for a tit-for-tat player, as a function of n and p.

d. Use the answers to parts (b) and (c) to show that, when p > (n - 2)/(n - 1), the defector type has greater fitness and that, when p < (n - 2)/(n - 1), the tit-for-tat type has greater fitness.

e. If evolution leads to a gradual increase in the proportion of the fitter type in the population, what are the possible eventual equilibrium outcomes of this process for the population described in this exercise? (That is, what are the possible equilibria (including any mixed strategy equilibria) and which are evolutionarily stable?) Use a diagram with the fitness graphs to illustrate your answer.

f. In what sense does more repetition (larger values of n) facilitate the evolution of cooperation?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Intelligence

Authors: Jerzy Surma

1st Edition

1606491857, 9781606491850

More Books

Students also viewed these Economics questions

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago