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This questions is on the subject of evolutionary game theory. Imagine an infinite population of players that pair up randomly and play matches against each
This questions is on the subject of evolutionary game theory.
Imagine an infinite population of players that pair up randomly and play matches against each other. A match consists of N rounds. Each round the stage game is pictured below.
The payoff to a player for a match is the sum of their payoffs over the n rounds of that match. (dont worry aboutdiscounting)
These are our strategies:
C - play c in every round
D - play d in every round
T - play c in the first round then in all subsequent rounds play whatever partner played the round before.
- Construct a payoff matrix for a match, this should be a 3x3 matrix
- depending on N, can we eliminate any strictly or weakly dominated strategies?
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