To cooperate or to defect? Altruism and reputation

The basic difficulty in cooperation theory is to justify the cooperation. Here we propose a new approach, where players are driven by their altruism to cooperate or not. The probability of cooperation depends also on the co-player’s reputation. We find that players with positive altruism cooperate and meet cooperation. In this approach, payoffs are not relevant.

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Year of publication:	2009
Authors:	Kułakowski, Krzysztof ; Gawroński, Przemysław
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 388.2009, 17, p. 3581-3584
Publisher:	Elsevier
Subject:	Cooperation \| Agents \| Computer simulation \| Altruism \| Reputation

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011062448