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Repeated interaction and the evolution of preferences for reciprocity

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  • Joel M. Guttman
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    Abstract

    This paper models self-enforcing agreements and the evolution of preferences for reciprocity when all agents are rational, Bayesian optimisers. In this 'indirect' evolutionary model, player types are defined not by their "strategies", but by their "preferences". The paper studies the evolution of a community consisting of 'opportunists', who maximise material payoffs, and 'reciprocators', who prefer joint co-operation to exploiting their opponents. Players are randomly matched to play a finitely repeated Prisoner's Dilemma game. In the "unique" evolutionary equilibrium, the reciprocators co-operate throughout their careers, and the opportunists co-operate up to, but not including, the last stage of their careers. Copyright 2003 Royal Economic Society.

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    Bibliographic Info

    Article provided by Royal Economic Society in its journal The Economic Journal.

    Volume (Year): 113 (2003)
    Issue (Month): 489 (07)
    Pages: 631-656

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    Handle: RePEc:ecj:econjl:v:113:y:2003:i:489:p:631-656

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    Cited by:
    1. Ones, Umut & Putterman, Louis, 2007. "The ecology of collective action: A public goods and sanctions experiment with controlled group formation," Journal of Economic Behavior & Organization, Elsevier, vol. 62(4), pages 495-521, April.
    2. Cinyabuguma, Matthias & Page, Talbot & Putterman, Louis, 2005. "Cooperation under the threat of expulsion in a public goods experiment," Journal of Public Economics, Elsevier, vol. 89(8), pages 1421-1435, August.
    3. Gul, Ejaz, 2010. "Economic Suitability Mapping – a New Trend in Establishing Economic Suitability of Project Site," MPRA Paper 48460, University Library of Munich, Germany.
    4. Bochet, Olivier & Putterman, Louis, 2009. "Not just babble: Opening the black box of communication in a voluntary contribution experiment," European Economic Review, Elsevier, vol. 53(3), pages 309-326, April.
    5. Kvaløy, Ola, 2010. "Performance pay and dynamic social preferences," Journal of Economic Psychology, Elsevier, vol. 31(4), pages 698-704, August.
    6. Guttman, Joel M., 2013. "On the evolution of conditional cooperation," European Journal of Political Economy, Elsevier, vol. 30(C), pages 15-34.
    7. Hausken, Kjell, 2006. "Jack Hirshleifer: A Nobel Prize left unbestowed," European Journal of Political Economy, Elsevier, vol. 22(2), pages 251-276, June.
    8. Anders Poulsen & Gert Svendsen, 2005. "Social Capital and Endogenous Preferences," Public Choice, Springer, vol. 123(1), pages 171-196, April.
    9. Friederike Mengel, 2006. "A Model Of Immigration, Integration And Cultural Transmission Of Social Norms," Working Papers. Serie AD 2006-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    10. Alberto Bisin & Thierry Verdier, 2010. "The Economics of Cultural Transmission and Socialization," NBER Working Papers 16512, National Bureau of Economic Research, Inc.
    11. Daniel Friedman & Nirvikar Singh, 2004. "Negative Reciprocity: The Coevolution of Memes and Genes," Game Theory and Information 0412003, EconWPA.
    12. Mengel, Friederike, 2008. "Matching structure and the cultural transmission of social norms," Journal of Economic Behavior & Organization, Elsevier, vol. 67(3-4), pages 608-623, September.
    13. Joel Guttman & Nira Yacouel, 2007. "On the expansion of the market and the decline of the family," Review of Economics of the Household, Springer, vol. 5(1), pages 1-13, March.
    14. Sethi, Rajiv & Somanathan, E., 2004. "What can we learn from cultural group selection and co-evolutionary models?," Journal of Economic Behavior & Organization, Elsevier, vol. 53(1), pages 105-108, January.

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