Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/78416 
Year of Publication: 
2001
Series/Report no.: 
Bonn Econ Discussion Papers No. 8/2001
Publisher: 
University of Bonn, Bonn Graduate School of Economics (BGSE), Bonn
Abstract: 
It is shown that a win-stay, lose-hift behavior rule with endogenous aspiration levels yields cooperation in a certain class of games. The aspiration level in each round equals the current population average. The class of games includes the prisoner's dilemma and Cournot oligopoly and thus yields an explanation for cooperation and collusion.
Subjects: 
cooperation
JEL: 
C72
L13
Document Type: 
Working Paper

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