Equilibrium vengeance

B-Tier
Journal: Games and Economic Behavior
Year: 2009
Volume: 66
Issue: 2
Pages: 813-829

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The efficiency-enhancing role of the vengeance motive is illustrated in a simple social dilemma game in extensive form. Incorporating behavioral noise and observational noise in random interactions in large groups leads to seven continuous families of (short run) Perfect Bayesian equilibria (PBE) that involve both vengeful and non-vengeful types. A new long run evolutionary equilibrium concept, Evolutionary Perfect Bayesian Equilibrium (EPBE), shrinks the equilibrium set to two points. In one EPBE, only the non-vengeful type survives and there are no mutual gains. In the other EPBE, both types survive and reap mutual gains.

Technical Details

RePEc Handle
repec:eee:gamebe:v:66:y:2009:i:2:p:813-829
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25