We investigate the role and performance of imitative behavior in a class of quantity-setting, Cournot games. Within a framework of evolutionary competition between rational, myopic best-response and imitation heuristics with differential heuristics' costs, we found that the equilibrium stability...

Consider an urn filled with balls, each labeled with one of several possible collective decisions. Now let a random voter draw two balls from the urn and pick her more preferred as the collective decision. Relabel the losing ball with the collective decision, put both balls back into the urn,...

Empirical investigation suggests that conflict is path-dependent, i.e., current conflict leads to more conflict in the future. However, there is very little formal theory for why conflict path dependence exists. We propose a mathematical model to explore one possible pathway to explain the...

The emergence of the modern gig economy introduces a new set of employment considerations for firms and laborers that include various trade-offs. With a game-theoretical approach, we examine the influences of technology, policy and markets on firm and worker preferences for gig labor....

This paper uses replicator dynamics to compare the steady states arising from two types of common property regimes - one in which over-exploiters are punished by the resource users themselves, and another where enforcement is handled by guards who collect a tax from the users. The use of guards...

Network reciprocity has been successfully put forward (since M. A. Nowak and R. May's, 1992, influential paper) as the simplest mechanism-requiring no strategical complexity-supporting the evolution of cooperation in biological and socioeconomic systems. The mechanism is actually the network,...

Cooperation in social dilemmas plays a pivotal role in the formation of systems at all levels of complexity, from replicating molecules to multi-cellular organisms to human and animal societies. In spite of its ubiquity, the origin and stability of cooperation pose an evolutionary conundrum,...

Improving and maintaining cooperation are fundamental issues for any project to be time-persistent, and sanctioning free riders may be the most applied method to achieve it. However, the application of sanctions differs from one group (project or institution) to another. We propose an optional,...

Classical evolutionary game theory allows one to analyze the population dynamics of interacting individuals playing different strategies (broadly defined) in a population. To expand the scope of this framework to allow us to examine the evolution of these individuals' strategies over time, we...

The rural e-payment market in China is becoming one of the important topics in the research field because of its contribution to the efficiency of fund flows in the economy. Further development of the rural e-payment market mainly depends on its partners' acceptance. In March 2020, 776.08...