The survival value of assuming others to be rational

The survival value of assuming others to be rational

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Article ID: iaor20013497
Country: Germany
Volume: 29
Issue: 2
Start Page Number: 147
End Page Number: 163
Publication Date: Jan 2000
Journal: International Journal of Game Theory
Authors:
Abstract:

I study the evolution of rationality, using an indirect evolutionary approach, in which nature selects a decision-making procedure, and the procedure chooses actions in matching-games. The main result is that in order for (knowledge of) rationality to survive, it is necessary and sufficient that the rational procedure respects the attraction principle. That is, when a rational agent eliminates a strictly dominated action A, he should only increase the choice probability of the actions actually dominating A and not change the choice probability of other undominated actions. The attraction principle sharpen game-theoretic predictions. Attraction effects have been verified in psychological experiments.

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