This paper explores a model of bounded rationality in evolutionary game play in which agent choice is based on a social psychological process of categorization and social inference. The computer simulation of the model demonstrates that agents' increasing ability to categorize opponents in the chicken game affords a higher population average payoff and introduces increasing social stratification among them. Greater trait diversity and population size are shown to have a harmful effect on payoffs. A VERSION OF THIS PAPER IS FORTHCOMING IN COMPUTATIONAL ECONOMICS UNDER THE TITLE "THE COGNITIVE ORGINS OF SOCIAL STRATIFICATION".
bounded rationality, social cognition, chicken game, stereotypes, categorization, adaptive expectations, social inference, discrimination, social stratification
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