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-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard … account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its …
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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 … cooperation for these classes of games. We find the conditions for which these Nash equilibria are asymptotically stable, and we …
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This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
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