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The standard method when analyzing the problem of cooperation using evolutionary game theory is to assume that people … illustrate how reputation based choice of opponents can explain both the emergence and deterioration of cooperation. We show that … empirical and experimental evidence of cooperation is consistent with our hypothesis that people behave so as to minimize the …
Persistent link: https://www.econbiz.de/10013208482
punishment costs. The negative effect of altruism on cooperation and material payoffs is greater the stronger is the reciprocity … when group members have opportunities to punish low contributors. Cooperation may also be supported if individuals are … embodying both reciprocity and altruism we show that unconditional altruism towards other members attenuates the punishment …
Persistent link: https://www.econbiz.de/10010287831
cooperation preferences. …
Persistent link: https://www.econbiz.de/10013208784
We model investors that take into account the amount of public good that firms produce (e.g., by reducing carbon emissions) when making their portfolio allocation. In an equilibrium asset pricing model with production and public goods provision, we find that environmentally conscious investors...
Persistent link: https://www.econbiz.de/10014480675
The empirical evidence on the existence of social preferences-or lack thereof-is predominantly based on student samples. Yet, knowledge about whether these findings can be extended to the general population is still scarce. In this paper, we compare the distribution of social preferences in a...
Persistent link: https://www.econbiz.de/10014333770
Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a population's distributional preferences and to...
Persistent link: https://www.econbiz.de/10014417651
The empirical evidence on the existence of social preferences-or lack thereof-is predominantly based on student samples. Yet, knowledge about whether these findings can be extended to the general population is still scarce. In this paper, we compare the distribution of social preferences in a...
Persistent link: https://www.econbiz.de/10014468191
for cooperation and altruism is one of the most powerful forces shaping our society, but there is an enormous behavioral … of human cooperation have found mixed evidence, possibly due to a failure to induce compliance in the behavioral … towards cooperation. Subjects with more altruistic social values or a higher tolerance towards interpersonal uncertainty are …
Persistent link: https://www.econbiz.de/10011969214
We present results from a novel experiment on the effect of a policy designed to encourage cooperation in a prisoner …'s dilemma game. We find that the effect of this policy on the level of cooperation is greater when it was chosen democratically …
Persistent link: https://www.econbiz.de/10010318878
We analyze a cooperation game in an evolutionary environment. Agents make noisy observations of opponents' propensity … two agents agree to play. Pareto optimal cooperation is evolutionarily stable when reputation perfectly reflects … propensity to cooperate. With some reputation noise, there will be at least some cooperation. Individual concern for reputation …
Persistent link: https://www.econbiz.de/10013208494