arXiv Open Access 2023

Risk aversion can promote cooperation

Jay Armas Wout Merbis Janusz Meylahn Soroush Rafiee Rad Mauricio J. del Razo

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Abstrak

Cooperative dynamics are central to our understanding of many phenomena in living and complex systems. However, we lack a universal mechanism to explain the emergence of cooperation. We present a novel framework for modelling social dilemma games with an arbitrary number of players by combining reaction networks, methods from quantum mechanics applied to stochastic complex systems, game theory and stochastic simulations of molecular reactions. Using this framework, we propose a novel and robust mechanism for cooperation based on risk aversion that leads to cooperative behaviour in population games. Rather than individuals seeking to maximise payouts in the long run, individuals seek to obtain a minimum set of resources with a given level of confidence and in a limited time span. We show that this mechanism can lead to the emergence of new equilibria in a range of social dilemma games.

Topik & Kata Kunci

physics.soc-ph cond-mat.soft cond-mat.stat-mech econ.TH nlin.AO

Penulis (5)

Jay Armas

Wout Merbis

Janusz Meylahn

Soroush Rafiee Rad

Mauricio J. del Razo

Format Sitasi

APA MLA BibTeX

Armas, J., Merbis, W., Meylahn, J., Rad, S.R., Razo, M.J.d. (2023). Risk aversion can promote cooperation. https://arxiv.org/abs/2306.05971

Akses Cepat

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Informasi Jurnal

Tahun Terbit: 2023
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓