Contemporary Cybernetics

Abstract

Dr Robert Axelrod of the University of Michigan (USA) has organised a competition for computer programs to simulate trading under given conditions. The created situation is one where you must imagine that every day you trade one box of goods for another with a second person. Both of the people involved in the transaction stand to gain if they trade fairly, but either can swindle the other by leaving an empty box. The question is how should you behave to maximise your gains in the long term?

Citation

(1984), "Contemporary Cybernetics", Kybernetes, Vol. 13 No. 1, pp. 1-6. https://doi.org/10.1108/eb005666