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Cooperation is widely recognized to be fundamental for the well-balanced development of human societies. Several different approaches have been proposed to explain the emergence of cooperation in populations of individuals playing the Prisoner’s Dilemma game, characterized by two concurrent...
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) producing consensus about the facts relevant to a transaction, (2) coding contracts, and (3) autonomously executing transactions …
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transactions. While it involves updating the ledger through a decentralized consensus on the unique truth, the robustness of the … equilibrium that supports this consensus depends on who has access to the ledger and how it can be updated. Using a global game …
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