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Studies of cooperation in infinitely repeated matching games focus on homogeneous economies, where full cooperation is …
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Under what conditions can cooperation be sustained in a network of strangers? Here we study the role of institutions … and uncover a new behavioral foundation for the use of monetary systems. In an experiment, anonymous subjects could … possible, including full intertemporal cooperation supported by a social norm based on community punishment of defectors. We …
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from one continuation probability to the other. When switching from large to small, transient higher levels of cooperation … are observed in the early games of the small continuation set. Conversely, when switching from small to large, cooperation … probabilities. These asymmetries suggest a bias in favor of cooperation. Finally, we examine the link between altruism and RPD play …
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can promote cooperation through a combination of sorting and opportunistic signaling, with late period defections by … remains unclear. In each of six treatments that vary the cooperation premium and the informational basis for reputation …, that with a high cooperation premium and good information, investment in reputation grows across sets of finitely …
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theory, while sociological theories of social ties and intergroup comparisons suggest that bilateral cooperation can be … strengthened if there exist outsiders that gain from cooperative break down. We investigate this in a laboratory experiment … implemented by letting subjects make a positive contribution to a public good if they choose to defect from cooperation, i …
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