Thursday, January 20, 2005

Economist.com | Human evolution

Economist.com | Human evolution

This is a typical example of the sort of game that economists investigating game theory revel in, and both theory and practice suggests that a player can take one of three approaches in such a game: co-operate with his opponents to maximise group benefits (but at the risk of being suckered), free-ride (ie, try to sucker co-operators) or reciprocate (ie, co-operate with those who show signs of being co-operative, but not with free-riders).


And the three strategies did, indeed, have the same average pay-offs to the individuals who played them—though only 13% were co-operators, 20% free-riders and 63% reciprocators.

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