Abstract:This paper investigates strategic interaction between rational agents whose preferences evolve over time. Players face a pecuniary 'game of life' comprising the ultimatum game and the dictator game. Utility may but need not be attached to the reciprocation of fair and unfair play by the opponent and equitable payoff distributions as proposed by Falk and Fischbacher (2001). Evolutionary fitness is determined solely by material successregardless of the motives for its achievement. Agents cannot explicitly condit… Show more
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