Nakao, Keisuke - In: Economics Bulletin 4 (2008) 26, pp. 1-6
This note considers the effects of altruism on cooperation in the context of a repeated Prisoner's Dilemma. Altruism has two conflicting impacts on cooperation: One is to reduce the temptation for defection the other is to make the future punishment ineffective. The total effect of altruism...
