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In repeated games there is in general a large set of equilibria. We also know that in the repeated prisoners dilemma there is a profusion of neutrally stable strategies, but no strategy that is evolutionarily stable. This paper investigates whether and how neutrally stable strategies can be...
Persistent link: https://www.econbiz.de/10011350373
Alger and Weibull (2013) present a model for the evolution of preferences under incomplete information and assortative matching. Their main result is that Homo Moralis - who maximizes a convex combination of her narrow self-interest and "the right thing to do" - is evolutionarily stable, if it...
Persistent link: https://www.econbiz.de/10012427573
Most of the literature on the evolution of human pro-sociality looks at reasons why evolution made us not play the Nash equilibrium in prisoners' dilemmas or public goods games. We suggest that in order to understand human morality, and human prosocial behavior, we should look at reasons why...
Persistent link: https://www.econbiz.de/10012822641
In this paper we review, upgrade, and synthesize existing models from evolutionary game theory, all of which aim at explaining human behaviour in the ultimatum game. Our new and improved versions of Gale et al. (1995), Nowak et al. (2000), and Rand et al. (2013) avoid shortcomings that the...
Persistent link: https://www.econbiz.de/10014243942