Beliefs and Cooperation

Bernardo A. Huberman and Natalie S. Glance

Game Theory and Information from University Library of Munich, Germany

Abstract: Individuals in groups must often choose between acting selfishly and cooperating for the common good. The choices they make are based on their beliefs on how they expect their actions to affect others. We show that for a broad set of beliefs and group characteristics cooperation can appear spontaneously in non-cooperative groups after very long periods of time. When delays in information are unavoidable the group dynamics acquires a wide repertoire of behaviors, ranging from opportunistic oscillations to bursty chaos, thus excluding the possibility of sustained cooperation.

JEL-codes: C7 D8 (search for similar items in EconPapers)
Pages: 26 pages
Date: 1994-05-10, Revised 1994-05-10
Note: 26 pages, also available by anonymous ftp at parcftp.xerox.com in the directory pub/dynamics. Hardcopy requests to glance@parc.xerox.com
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Citations: View citations in EconPapers (2)

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