0 present participle of defect --
1 to leave a country, political party, etc., especially in order to join an opposing one: --
To aid in the interpretation of the results, the log odds of defection are transformed into probabilities of defecting for each expectation level, and both rank types.
As a result, the nasty sellers (exploitative agents) then learn to be reciprocative since cooperating would bring them more benefit than defecting in the long run.
We assume that, once the organized markets exist, there is a technology that keeps merchant's record of transaction, and punishment on defecting merchants is feasible.
In the case of alcoholism, the agent benefits from defecting (drinking scotch) in a game he is playing with his future self.
However, in prisoners' dilemmas each agent is better off defecting whatever other agents do while this is not the case in pure coordination problems.
There, that led to a slightly simpler formulation of the payoff from defecting than a deterministic lag.
This allows the opponent to exploit the agent so long as the opponent is not ' ' completely defecting' '.
As expectations of defection rise, the proportion of would-be co-operators defecting also rises.
