Bounded Rationality Optimizes the Performance of Networked Systems in Prisoner's Dilemma Game

Xiongrui Xu, Zhihai Rong, Chi Kong Tse

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

8 Citations (Scopus)

Abstract

The bounded rationality of agents plays an important role in the performance of complex systems. In this work, we explore the influence of bounded rationality on the evolution of cooperation, defection and extortion strategies on a regular lattice by applying the Fermi dynamics in the Prisoner's Dilemma game. It is found that the rationality level plays a non-trivial role in the emergence of cooperation with extortion in structured systems. On the one hand, for the perfect rationality case, it is difficult for cooperators to resist the invasion of defection. On the other hand, being too irrational breaks the stable structure between cooperators and extortioners, and results in the extinction of cooperation. Hence, there is a proper level of bounded rationality which can slow down the expansion of defective and extortionate behaviors, and promote the emergence of cooperation-extortion alliances, which can yield a better outcome to the whole system. This study may provide some clues to optimize the performance of multi-agent systems with bounded rationality.

Original languageEnglish
Title of host publication2018 IEEE International Symposium on Circuits and Systems, ISCAS 2018 - Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781538648810
DOIs
Publication statusPublished - 26 Apr 2018
Event2018 IEEE International Symposium on Circuits and Systems, ISCAS 2018 - Florence, Italy
Duration: 27 May 201830 May 2018

Publication series

NameProceedings - IEEE International Symposium on Circuits and Systems
Volume2018-May
ISSN (Print)0271-4310

Conference

Conference2018 IEEE International Symposium on Circuits and Systems, ISCAS 2018
Country/TerritoryItaly
CityFlorence
Period27/05/1830/05/18

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

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