Stable cooperation emerges in stochastic multiplicative growth
Abstrak
Understanding the evolutionary stability of cooperation is a central problem in biology, sociology, and economics. There exist only a few known mechanisms that guarantee the existence of cooperation and its robustness to cheating. Here, we introduce a new mechanism for the emergence of cooperation in the presence of fluctuations. We consider agents whose wealth change stochastically in a multiplicative fashion. Each agent can share part of her wealth as public good, which is equally distributed among all the agents. We show that, when agents operate with long time-horizons, cooperation produce an advantage at the individual level, as it effectively screens agents from the deleterious effect of environmental fluctuations.
Topik & Kata Kunci
Penulis (4)
Lorenzo Fant
Onofrio Mazzarisi
Emanuele Panizon
Jacopo Grilli
Akses Cepat
- Tahun Terbit
- 2022
- Bahasa
- en
- Sumber Database
- arXiv
- Akses
- Open Access ✓