Repeated Interaction and the Evolution of Preferences for Reciprocity
Bibliographic Data
| ID | 9707034 |
|---|---|
| Authors | Joel M Guttman (Bar-Ilan University, corresponding author) |
| Year | 2003 |
| Volume | 113 |
| Issue | 489 |
| Pages | 631-656 |
| Publication date | 2003-07-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.t01-1-00144 |
| OpenAlex | W2102905760 |
| Language | EN |
| Citations received | 11 |
| References cited | 38 |
This paper models self‐enforcing agreements and the evolution of preferences for reciprocity when all agents are rational, Bayesian optimisers. In this 'indirect' evolutionary model, player types are defined not by their strategies, but by their preferences. The paper studies the evolution of a community consisting of 'opportunists', who maximise material payoffs, and 'reciprocators', who prefer joint co‐operation to exploiting their opponents. Players are randomly matched to play a finitely repeated Prisoner's Dilemma game. In the unique evolutionary equilibrium, the reciprocators co‐operate throughout their careers, and the opportunists co‐operate up to, but not including, the last stage of their careers
Dilemma · Economics · Evolutionarily stable strategy · Evolutionary game theory · Game theory · Mathematical economics · Microeconomics · Prisoner's dilemma · Reciprocity (cultural anthropology · Repeated game · Stochastic game · Strong reciprocity · Evolutionary Game Theory and Cooperation · Experimental Behavioral Economics Studies · Game Theory and Applications · Mathematics · Psychology · Social Psychology
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| Citations per year | 0.5 |
|---|---|
| Citation span | 2004 - 2023 (20) |
| Highly cited | No |