Games and Decisions: Introduction and Critical Survey.
Citations
2,068 citations
1,920 citations
Cites background from "Games and Decisions: Introduction a..."
...This may explain why it is difficult for animals to maximize long-term rewards and why under appropriate circumstances they appear to be risk-averse (Lute and Raiffa, 1957; Harder and Real, 1987; Real, 1991)....
[...]
...Many explanations cast at a variety of levels have been offered to explain such matching behavior, and various strategies can be formulated to achieve optimal outcomes (von Neumann and Morgenstern, 1947; Bush and Mosteller, 1955; Lute and Raiffa, 1957)....
[...]
628 citations
Cites background from "Games and Decisions: Introduction a..."
...The argument is general to any known, fixed number of games (Luce and Raiffa 1957)....
[...]
...A system of mutual cooperation cannot emerge in a one move Prisoner's Dilemma, because it is always in the interest of each player to defect (Luce and Raiffa 1957; see Fig....
[...]
...In fact, the argument is general to any known, fixed number of games (Luce and Raiffa 1957)....
[...]
605 citations
References
1,922 citations
1,920 citations
628 citations
605 citations