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behaviors exhibit aspects of both altruism ­ benefitting other group members at a cost to oneself and parochialism, conditioning … one's behavior towards others on the degree of similarity in ascriptive characteristics. Both altruism and parochialism … payoffs result in a declining frequency of the behavior. The view advanced here is that altruism and parochialism co …
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This paper introduces two ideas, emotional state dependent utility components (ESDUCs), and evolutionary perfect Bayesian equilibrium (EPBE). Using a simple extensive form game, we illustrate the efficiency-enhancing role of a powerful ESDUC, the vengeance motive. Incorporating behavioral noise...
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This paper introduces two ideas, emotional state dependent utility components (ESDUCs), and evolutionary perfect Bayesian equilibrium (EPBE). Using a simple extensive form game, we illustrate the efficiency-enhancing role of a powerful ESDUC, the vengeance motive. Incorporating behavioral noise...
Persistent link: https://www.econbiz.de/10013320377
Persistent link: https://www.econbiz.de/10012301530
We study the coexistence of strategies in the indirect reciprocity game where agents have access to second-order information. We fully characterize the evolutionary stable equilibria and analyze their comparative statics with respect to the cost-benefit ratio (CBR). There are indeed only two...
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