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Persistent link: https://www.econbiz.de/10001204888
Situations where individuals have to contribute to joint efforts or share scarce resources are ubiquitous. Yet, without proper mechanisms to ensure cooperation, the evolutionary pressure to maximize individual success tends to create a tragedy of the commons (such as over-fishing or the...
Persistent link: https://www.econbiz.de/10014193291
A stochastic model for behavioral changes by imitative pair interactions of individuals is developed. 'Microscopic' assumptions on the specific form of the imitative processes lead to a stochastic version of the game dynamical equations. That means, the approximate mean value equations of these...
Persistent link: https://www.econbiz.de/10012777801