Cooperation and Wealth
AbstractWe calculate the equilibrium fraction of cooperators in a population in which payoffs accrue from playing a single-shot prisoner’s dilemma game. Individuals who are hardwired as cooperators or defectors are randomly matched into pairs, and cooperators are able to perfectly find out the type of a partner to a game by incurring a recognition cost. We show that the equilibrium fraction of cooperators relates negatively to the population’s level of wealth.
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Bibliographic InfoPaper provided by Institute for Advanced Studies in its series Economics Series with number 123.
Length: 10 pages
Date of creation: Oct 2002
Date of revision:
Postal: Institute for Advanced Studies - Library, Stumpergasse 56, A-1060 Vienna, Austria
Other versions of this item:
- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
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- Ken Binmore, 1998. "Game Theory and the Social Contract - Vol. 2: Just Playing," MIT Press Books, The MIT Press, edition 1, volume 2, number 0262024446, December.
- SAVVATEEV, Alexei & STARK, Oded, 2005. "An evolutionary explanation for the propensity to migrate," CORE Discussion Papers 2005038, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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