Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/221482
Authors: 
Pazgal, Amit
Year of Publication: 
1995
Series/Report no.: 
Discussion Paper No. 1126
Abstract: 
We study the play of mutual interests games by satisficing decision makers. We show that, for a high enough inital aspiration level, and under certain assumptions of "tremble," there is a high probability (close to unity) of convergence to the Pareto dominant cooperative outcome. Simulations indicate that the theoretical result is robust with respect to the "trembling" mechanism.
Document Type: 
Working Paper

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