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Title:
Microeconomic uncertainties facilitate cooperative alliances and social welfare
Authors:
ID
Perc, Matjaž
(
Author
)
Files:
http://www.sciencedirect.com/science/journal/01651765
Language:
English
Work type:
Article
Typology:
1.01 - Original Scientific Article
Organization:
FNM - Faculty of Natural Sciences and Mathematics
Abstract:
We show that microeconomic chaotic variations of payoffs in the prisoner's dilemma game maintain cooperation over a broad range of defection temptation values where otherwise economic stalemate reigns. Thus, unpredictability at micro scales impedes mutual defection that inflicts social poverty.
Keywords:
chaotic systems
,
game theory
,
microeconomic chaos
,
cooperation
,
social welfare
Year of publishing:
2007
PID:
20.500.12556/DKUM-35872
UDC:
519.83
ISSN on article:
0165-1765
COBISS.SI-ID:
15673608
NUK URN:
URN:SI:UM:DK:EHIONWZ7
Publication date in DKUM:
07.06.2012
Views:
2108
Downloads:
164
Metadata:
Categories:
Misc.
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Record is a part of a journal
Title:
Economics Letters
Shortened title:
Econ. lett.
Publisher:
North-Holland
ISSN:
0165-1765
COBISS.SI-ID:
25366784
Secondary language
Language:
Slovenian
Keywords:
kaotični sistemi
,
teorija iger
,
kooperacija
,
družbeno blagostanje
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