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benefits on others at a cost to themselves. Altruism is thus a strictly dominated strategy and cannot survive if agents are … can survive in such a world if they are grouped together, so that the benefits of Altruism are enjoyed primarily by other …
Persistent link: https://www.econbiz.de/10005636451
We study a population of agents , each of whome can be an Altruist or an Egoist. Altruism is a strictly dominated …
Persistent link: https://www.econbiz.de/10005443406
principles (religious beliefs, altruism, patriotism), emotions (envy, wrath, shame, regret, or guilt) or simply by an attempt to …
Persistent link: https://www.econbiz.de/10010895070
In the present introductory work we propose an original analytical model of coopetitive game. We suggest possible general and feasible solutions; in particular, from a coopetitive perspective, we suggest compromise solutions - for our coopetitive game, by using Kalai-Smorodinsky method.
Persistent link: https://www.econbiz.de/10011109139
We consider a local interaction model with a population on an h dimensional torus, in which in each round of play a random player gets a learning draw. This player plays a k+1 action stage game with players in his neighborhood, compares his own average payoff with the average payoff of the...
Persistent link: https://www.econbiz.de/10005118616
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/10005190588
We analyze a cooperation game and a coordination game in an evolutionary environment. Agents make noisy observations of … takes place when two agents agree to play. Socially 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 …
Persistent link: https://www.econbiz.de/10005645192
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/10005645210
used in many applied situations where altruism, or a baser motive, is implied. …
Persistent link: https://www.econbiz.de/10011030509
Traditionally, economics has regarded institutions, notably norms and regulations, as fixed or exogenous. Surprisingly few insights on institutional evolution from natural and social sciences have made their way into economics. This article gives an overview of evolutionary theories of...
Persistent link: https://www.econbiz.de/10005760540