5.11.03

LENGTHEN THE SHADOW OF THE FUTURE. Lengthy Two Blowhards essay on the evolution of cooperation in prisoners' dilemmas, the possible shortcomings of traditional economics, and the usefulness of a different paradigm in economics. Why? The post deals with evolutionarily stable strategies, and with the central theorem in a 1982 paper, "Rational Cooperation in the Finitely Repeated Prisoners' Dilemma."

No comments: