COWLES FOUNDATION FOR RESEARCH IN
ECONOMICS Box 208281
COWLES FOUNDATION DISCUSSION PAPER NO. 1094 Dumb Bugs and Bright Noncooperative Players: Thomas Quint, Martin Shubik, and Dicky Yan February 1995 Consider a repeated bimatrix game. We define "bugs" as players whose
"strategy" is to react myopically to whatever the opponent did on the previous
iteration. We believe that in some contexts this is a more realistic model of behavior
than the standard "supremely rational" noncooperative game player. |