The philosophical computer: exploratory essays in philosophical computer modeling
The philosophical computer: exploratory essays in philosophical computer modeling
Markov Decision Processes: Discrete Stochastic Dynamic Programming
Markov Decision Processes: Discrete Stochastic Dynamic Programming
Asset Price Dynamics among Heterogeneous Interacting Agents
Computational Economics
A Simulation Framework for Heterogeneous Agents
Computational Economics
A Partially Observed Markov Decision Process for Dynamic Pricing
Management Science
The Iterated Prisoners' Dilemma: 20 Years on
The Iterated Prisoners' Dilemma: 20 Years on
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The study of strategic interaction among a society of agents is often handled using the machinery of game theory. This research examines how a Markov Decision Process (MDP) model may be applied to an important element of repeated game theory: the iterated prisoner's dilemma. Our study uses a Markovian approach to the game to represent the problem of in a computer simulation environment. A pure Markov approach is used on a simplified version of the iterated game and then we formulate the general game as a partially observable Markov decision process (POMDP). Finally, we use a cellular structure as an environment for players to compete and adapt. We apply both a simple replacement strategy and a cellular neural network to the environment.