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It is well-known in evolutionary game theory that population clustering in Prisoner Dilemma games allows some cooperative strategies to invade populations of stable defecting strategies. We adapt this idea of population clustering to a two-person trust game. Players are typed based on their...
Persistent link: https://www.econbiz.de/10005125594
(paradoxically) crowds out efficient solutions to the agency problem. This paper explores, via a novel set of laboratory experiments …
Persistent link: https://www.econbiz.de/10005556679