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The observability of partners' past play is known to theoretically improve cooperation in an infinitely repeated … information per se may not improve cooperation. A structural estimation suggests that a certain percentage of players act …
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Evolution of cooperation by reciprocity has been studied using two-player and n-player repeated prisoner’s dilemma … cooperation when less generous, and better at maintaining a long-term cooperation in the presence of rare defectors when more …
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facilitate and obstruct cooperation in a repeated prisoners' dilemma game. In finitely repeated games a player who cares only for … infinitely repeated games with two emotional players less patience is required to sustain cooperation. However, emotions can also … obstruct cooperation if they make the players unwilling to punish each other, or if the players become hostile when punished. …
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A fundamental question in social sciences is how trust emerges. We provide an answer which relies on the formation of social and economic relationships. We argue that behind trust lies the fact that individuals invest in connections taking into account the potential externalities networks...
Persistent link: https://www.econbiz.de/10011335196
In evolutionary models of indirect reciprocity, reputation mechanisms can stabilize cooperation even in severe … cooperation problems like the prisoner's dilemma. Under certain circumstances, conditionally cooperative strategies, which … lead to a breakdown of this kind of indirectly reciprocal cooperation. Backward induction, however, requires strategies …
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equilibrium remains an open question. With restrictions of simple symmetry with eternal mutual cooperation, defection, or (matched …
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