Journal
PHYSICAL REVIEW E
Volume 80, Issue 6, Pages -Publisher
AMER PHYSICAL SOC
DOI: 10.1103/PhysRevE.80.061104
Keywords
game theory; network theory (graphs); nonlinear dynamical systems
Categories
Funding
- National Natural Science Foundation of China [10672081]
- Zuzhibu Foundation of Nankai University
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In this work, we introduce a degree of rationality to the public goods games in which players can determine whether or not to participate, and with it a new mechanism has been established. Existence of the bounded rationality would lead to a new equilibrium which differs from the Nash equilibrium and qualitatively explains the fundamental role of loners' payoff for maintaining cooperation. Meanwhile, it is shown how the potential strategy influences the players' decision. Finally, we explicitly demonstrate a rock-scissors-paper dynamics which is a consequence of this model.
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