scholarly journals Solving the collective-risk social dilemma with risky assets in well-mixed and structured populations

2014 ◽  
Vol 90 (5) ◽  
Author(s):  
Xiaojie Chen ◽  
Yanling Zhang ◽  
Ting-Zhu Huang ◽  
Matjaž Perc
2004 ◽  
Vol 34 (02) ◽  
pp. 333-360 ◽  
Author(s):  
Dietmar Pfeifer ◽  
Johana Nešlehová

Modern Integrated Risk Management (IRM) and Dynamic Financial Analysis (DFA) rely in great part on an appropriate modeling of the stochastic behavior of the various risky assets and processes that influence the performance of the company under consideration. A major challenge here is a more substantial and realistic description and modeling of the various complex dependence structures between such risks showing up on all scales. In this presentation, we propose some approaches towards modeling and generating (simulating) dependent risk processes in the framework of collective risk theory, in particular w.r.t. dependent claim number processes of Poisson type (homogeneous and non-homogeneous), and compound Poisson processes.


2021 ◽  
Author(s):  
Gianluca Grimalda ◽  
Alexis Belianin ◽  
Heike Hennig-Schmidt ◽  
Till Requate ◽  
Marina Ryzhkova

Abstract Imposing sanctions on noncompliant parties to international agreements is often advocated as a remedy for international cooperation failure, notably in climate agreements. We provide an experimental test of this conjecture in a collective-risk social dilemma simulating the effort to avoid catastrophic climate change. We involve groups of participants from two cultural areas that were shown to achieve different levels of cooperation nationally when peer-level sanctions were available. Here we show that, while this result still holds nationally, international interaction backed by sanctions is overall beneficial. Cooperation by low cooperator groups increases significantly in comparison with national cooperation and converges to the cooperation levels of high cooperation groups. While the increase is only marginally significant without sanctions, it becomes sizable when sanctions are imposed. When sanctions are available, individuals are willing to cooperate above the level that would maximize expected payoffs. Revealing or hiding counterparts’ nationality does not affect results.


2015 ◽  
Vol 28 (1) ◽  
pp. 138-158 ◽  
Author(s):  
Autumn Bynum ◽  
Reuben Kline ◽  
Oleg Smirnov

2006 ◽  
Vol 273 (1593) ◽  
pp. 1477-1481 ◽  
Author(s):  
Timothy Killingback ◽  
Jonas Bieri ◽  
Thomas Flatt

Public goods are the key features of all human societies and are also important in many animal societies. Collaborative hunting and collective defence are but two examples of public goods that have played a crucial role in the development of human societies and still play an important role in many animal societies. Public goods allow societies composed largely of cooperators to outperform societies composed mainly of non-cooperators. However, public goods also provide an incentive for individuals to be selfish by benefiting from the public good without contributing to it. This is the essential paradox of cooperation—known variously as the Tragedy of the Commons, Multi-person Prisoner's Dilemma or Social Dilemma. Here, we show that a new model for evolution in group-structured populations provides a simple and effective mechanism for the emergence and maintenance of cooperation in such a social dilemma. This model does not depend on kin selection, direct or indirect reciprocity, punishment, optional participation or trait-group selection. Since this mechanism depends only on population dynamics and requires no cognitive abilities on the part of the agents concerned, it potentially applies to organisms at all levels of complexity.


2021 ◽  
pp. 168-186
Author(s):  
Manfred Milinski

2021 ◽  
Author(s):  
Mohammad Salahshour

In many biological populations, individuals face a complex strategic setting, where they need to make strategic decisions over a diverse set of issues. To study evolution in such a complex strategic context, here we introduce evolutionary models where individuals play two games with different structures. Individuals decide upon their strategy in a second game based on their knowledge of their opponent's strategy in the first game. By considering a case where the first game is a social dilemma, we show that, as long as the second game has an asymmetric Nash equilibrium, the system possesses a spontaneous symmetry-breaking phase transition above which the symmetry between cooperation and defection breaks. A set of cooperation supporting moral norms emerges according to which cooperation stands out as a valuable trait. Notably, the moral system also brings a more efficient allocation of resources in the second game. This observation suggests a moral system has two different roles: Promotion of cooperation, which is against individuals' self-interest but beneficial for the population, and promotion of organization and order, which is at both the population's and the individual's self-interest. Interestingly, the latter acts like a Trojan horse: Once established out of individuals' self-interest, it brings the former with itself. Furthermore, we show that in structured populations, recognition noise can have a surprisingly positive effect on the evolution of moral norms and facilitates cooperation in the Snow Drift game.


Sign in / Sign up

Export Citation Format

Share Document