CAOT 31 Lecture Notes - Lecture 2: Public Goods Game, Ultimatum Game, The Evolution Of Cooperation

• School: LACC
• Department: Computer Applications Office Technology
• Course: CAOT 31
• Professor: Jamie

Document Summary

Keywords: cooperation, trust, fairness, ultimatum game, social neuroeconomics, punishment, antisocial punishment. A proposer and responder bargain over money, whilst having no way to communicate. Game theory = analysis of interactions between rational agents. Each agent has two or more (courses of action), which are associated with payoffs / also depend on the other persons action. Public goods games: public rational decision vs. private rational decision (often clash with each other) Nice" rules, which always begin by cooperating, and. He looks which strategies would preserve and which ones would go extinct. If players are patient enough (repeated games), repeated interaction allows many spe outcomes (subgame-perfect nash equilibria) (threats are serious = the punisher doesn"t damage himself) Suggests that anything that is feasible and individually rational is possible. Conclusion: people are not more likely to show greater cooperation when thinking harder about a task.