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DTSTART:20210328T030000
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BEGIN:VEVENT
DTSTAMP:20260406T032749Z
UID:6066dc6279a96764125905@ist.ac.at
DTSTART:20210419T140000
DTEND:20210419T150000
DESCRIPTION:Speaker: Maria Kleshnina\nAbstract: By their very nature socioe
 conomic systems are complex and hard to navigate\, especially if environme
 ntal conditions depend on decisions made. Even in simplest systems the opt
 imal course of actions might not be obvious. As a result\, it is expected 
 that information should be valuable when trying to navigate in such system
 s. However\, information is scarce and might be difficult or costly to obt
 ain. We explore systematically when information is beneficial and when it 
 could become detrimental. We study the value of information on the evoluti
 on of cooperative behavior in a repeated prisoner's dilemma where the stat
 e of the environment depends on the actions taken by individuals. By intro
 ducing a simple measure of the value of information\, we capture if inform
 ation is beneficial under given conditions. Our results suggest that for m
 ost environmental feedbacks information is valuable and positively affects
  the resulting evolutionary outcome.  However\, we also determine conditio
 ns for which more information can be harmful leading to reduced overall co
 operation and positive benefit of ignorance.
LOCATION:Online Event ()\, ISTA
ORGANIZER:kkhudiak@ist.ac.at
SUMMARY:Maria Kleshnina: Value of information in evolutionary games with en
 vironmental feedbacks
URL:https://talks-calendar.ista.ac.at/events/3154
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