Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/167938
Authors: 
Rabanal, Jean Paul
Friedman, Daniel
Year of Publication: 
2015
Citation: 
[Journal:] Games [ISSN:] 2073-4336 [Volume:] 6 [Year:] 2015 [Issue:] 2 [Pages:] 150-160
Abstract: 
This paper analyzes the dynamic stability of moral codes in a two population trust game. Guided by a moral code, members of one population, the Trustors, are willing to punish members of the other population, the Trustees, who defect. Under replicator dynamics, adherence to the moral code has unstable oscillations around an interior Nash Equilibrium (NE), but under smoothed best response dynamics we obtain convergence to Quantal Response Equilibrium (QRE).
Subjects: 
Prisoner's Dilemma
evolutionary stability
moral codes
JEL: 
C72
C73
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
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