"WE-RATIONALITY". A Non-Individualistic Theory of Cooperation

Alessandra Smerilli ()

Economia politica, 2007, issue 3, 407-426

Abstract: The possibility of the emergence of cooperation in the one-shot Prisoner Dilemma has gained growing attention in contemporary literature, in particular in the experimental domain. The aim of this paper is to offer a contribution for a theory that could explain cooperative behaviour even in the presence of individual incentives to free-ride. Focusing on the theory of we-rationality the paper proposes an overview of the different versions of that theory and a formalization of cooperation based on this form of rationality.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:mul:jb33yl:doi:10.1428/25819:y:2007:i:3:p:407-426

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