Prisoner's Dilemma payoffs and the evolution of co-operative preferences
AbstractWe analyse the evolutionary stability of a preference for reciprocity in the Prisoner's Dilemma. A distingushing and, as we argue, plausible, feature of the analysis is that reciprocal players are not assumed to be able to coordinate on mutual cooperation with probability one. We show how two payoff conditions, one well-known and another new, then become crucial for the evolutionary stability of co-operation. Somewhat paradoxically perhaps, an altruistic preference poses a greater threat to stable cooperation than a self-interested preference.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).
Volume (Year): 39 (2010)
Issue (Month): 2 (April)
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Web page: http://www.elsevier.com/locate/inca/620175
Prisoner' s Dilemma Co-operation Indirect evolutionary approach Preference evolution Evolutionary stability Replicator Dynamic;
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