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This paper explores the role of cultural transmission in extortion. Extortion is modeled as an asymmetric contest where individuals from one group attempt to take from individuals in another group. Using a model of cultural transmission, this paper finds the existence of a unique asymptotically...
Persistent link: https://www.econbiz.de/10011891124
This paper investigates the importance of concerns about intentions and outcomes in a sequential prisoner’s dilemma game with nature. In the game, there is a chance that the first mover’s choice is reversed. This allows the separation of intended actions from the resulting outcomes....
Persistent link: https://www.econbiz.de/10012591536