Long-run payoff of reactive strategies

ID: long-run-payoff-of-reactive-strategies

With initially independent actions, same-round independence is preserved by reactive updates: each next action uses the other independent previous action and fresh independent randomization. Marginal cooperation follows , . If the product of response slopes has modulus below one, these recurrences converge and the joint distribution is their product. Averaging over that distribution gives the long-time payoffs. At deterministic response slopes of modulus one, initial-memory-specific cycles must instead be averaged directly.

New to topics? Read the docs here!