We offer a new and robust model of the emergence and persistence of cooperation when interactions are anonymous, the population is well mixed, and evolution selects strategies according to material payoffs. The model has a Prisoner’s Dilemma structure, but with an outside option of non-participation. The payoff to mutual cooperation is stochastic; with positive probability, it exceeds that from cheating against a cooperator. Under mild conditions, mutually beneficial cooperation occurs in equilibrium. This is possible because the non-participation option holds down the equilibrium frequency of cheating. Dynamic properties of the model are investigated theoretically and through simulations based on replicator dynamics.

The emergence of reciprocally beneficial cooperation / Beraldo, Sergio; Sugden, Robert. - In: THEORY AND DECISION. - ISSN 0040-5833. - 80:4(2016), pp. 501-521. [10.1007/s11238-015-9514-z]

The emergence of reciprocally beneficial cooperation

BERALDO, SERGIO;
2016

Abstract

We offer a new and robust model of the emergence and persistence of cooperation when interactions are anonymous, the population is well mixed, and evolution selects strategies according to material payoffs. The model has a Prisoner’s Dilemma structure, but with an outside option of non-participation. The payoff to mutual cooperation is stochastic; with positive probability, it exceeds that from cheating against a cooperator. Under mild conditions, mutually beneficial cooperation occurs in equilibrium. This is possible because the non-participation option holds down the equilibrium frequency of cheating. Dynamic properties of the model are investigated theoretically and through simulations based on replicator dynamics.
2016
The emergence of reciprocally beneficial cooperation / Beraldo, Sergio; Sugden, Robert. - In: THEORY AND DECISION. - ISSN 0040-5833. - 80:4(2016), pp. 501-521. [10.1007/s11238-015-9514-z]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11588/615855
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