Bounded rational agents playing a public goods game.
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DOI: 10.1103/physreve.105.024114
Abstract: An agent-based model for human behavior in the well-known public goods game (PGG) is developed making use of bounded rationality, but without invoking mechanisms of learning. The underlying Markov decision process is driven by a… read more here.
Keywords: rational agents; public goods; goods game; bounded rational ... See more keywords