The Effect of Bounded Rationality on Human Cooperation with Voluntary Participation

Luhe Yang, Duoxing Yang and Lianzhong Zhang
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Luhe Yang: Institute for Interdisciplinary Quantum Information Technology, Jilin Engineering Normal University, Changchun 130052, China
Duoxing Yang: National Institute of Natural Hazards, Ministry of Emergency Management of China, Beijing 100085, China
Lianzhong Zhang: School of Physics, Nankai University, Tianjin 300071, China

Mathematics, 2022, vol. 10, issue 9, 1-12

Abstract: The evolution of human cooperation is an important issue concerning social science. A deep understanding of human bounded rationality is a prerequisite for promoting collective cooperation and solving social dilemmas. Here we construct an asymmetric micro-dynamic based on bounded rationality from a micro perspective by combining behavioral economics and cognitive psychology with evolutionary game theory. Asynchronously updated Monte Carlo simulations were conducted where individuals were located on a square lattice to play a voluntary public goods game. The results showed that “free riding” behaviors can be effectively suppressed in most situations. The cooperation level can be obviously enhanced in a population comprising easily satisfied cooperators and greedy defectors. Moreover, essential conditions for the stability of the system are further discussed at the microscopic level, and altruistic behavior can be explained that an individual with lower expectations for or underestimation of a single game is more likely to cooperate. We argue that, compared to traditional approaches, the integration of interdisciplinary ideas should be taken more seriously.

Keywords: asymmetric micro-dynamics; mixed strategy; evolutionary stability; prospect theory; spatial public goods game (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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