Competitive vs Cooperative Individuals and Moral Principles of Cooperation

M. Teresa Lunati
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M. Teresa Lunati: Bolton Institute

Chapter 7 in Ethical Issues in Economics, 1997, pp 100-119 from Palgrave Macmillan

Abstract: Abstract Cooperation among individuals both in everyday life and laboratory tests is a common phenomenon. Indeed significant cooperation occurs even in a most hostile environment, such as that of the one-shot Prisoner’s Dilemma, for which game theory and economics predict, as for other less troublesome situations, the ‘rational’ but inefficient non-cooperative outcome.

Keywords: Nash Equilibrium; Cooperative Behaviour; Dominant Strategy; Social Dilemma; Common Moral Principle (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37358-7_8

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DOI: 10.1057/9780230373587_8

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