Article ID Journal Published Year Pages File Type
10437780 Journal of Economic Behavior & Organization 2005 20 Pages PDF
Abstract
A central problem in the biological and social sciences concerns the conditions required for emergence and maintenance of cooperation among unrelated individuals. Most models and experiments have been pursued in a game-theoretic context and involve reward or punishment. Here, we show that such payoffs are unnecessary, and that stable social groups can sometimes be maintained provided simply that agents are more likely to imitate others who are like them (homophily). In contrast to other studies, to sustain multiple types we need not impose the restriction that agents also choose to make their opinions different from those in other groups.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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