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In this essay I discuss the role of cooperation in the process of innovation. I argue for a reorientation of the way we … conceptualize economic behavior, taking account of the centrality of cooperation as a driving force of economic dynamism. I also … seek to distinguish between different forms of cooperation - 'negative' cooperation, based on coercion and survival needs …
Persistent link: https://www.econbiz.de/10014172062
This paper examines moral hazard in teams over time. Agents are collectively engaged in an uncertain project, and their individual efforts are unobserved. Free-riding leads not only to a reduction in effort, but also to procrastination. The collaboration dwindles over time, but never ceases as...
Persistent link: https://www.econbiz.de/10013160241
Situations that require individuals to mutually cooperate are often analysed as coordination games. This paper proposes a model of cooperative network formation where the network is formed through the process of the coordination game being played between multiple agents. Additionally, network...
Persistent link: https://www.econbiz.de/10012895261
The emergence and survival of cooperation is one of the hardest problems still open in science. Several factors such as … the existence of punishment, repeated interactions, topological effects and the formation of prestige may all contribute … to explain the counter-intuitive prevalence of cooperation in natural and social systems. The characteristics of the …
Persistent link: https://www.econbiz.de/10012929847
Despite recent advances in reputation technologies, it is not clear how reputation systems can affect human cooperation … in social networks. Although it is known that two of the major mechanisms in the evolution of cooperation are spatial …. Here, we present a new individual-based model for the evolution of reciprocal cooperation between reputation and networks …
Persistent link: https://www.econbiz.de/10011621316
artificial intelligence may or may not be cooperative. We study the determinants and forms of algorithmic cooperation in the … prisoner's dilemma games played by humans in the lab. We find that the same factors that increase human cooperation largely … also determine the cooperation rates of algorithms. However, algorithms tend to play different strategies than humans …
Persistent link: https://www.econbiz.de/10014358527
-Markov and tolerant for up to 5-6 periods to aim for cooperation. The social, all-round average C rate is slightly but …
Persistent link: https://www.econbiz.de/10014345782
This paper offers a new and robust model of the emergence and persistence of cooperation. In the model, interactions …. The cooperation problem is modeled as a game similar to Prisoner's Dilemma, but there is an outside option of … nonparticipation and the payoff to mutual cooperation is stochastic; with positive probability, this payoff exceeds that from cheating …
Persistent link: https://www.econbiz.de/10013141310