Title
The Efficient Interaction of Costly Punishment and Commitment
Abstract
To ensure cooperation in the Prisoner's Dilemma, agents may require prior commitments from others, subject to compensations when defecting after agreeing to commit. Alternatively, agents may prefer to behave reactively, without arranging prior commitments, by simply punishing those who misbehave. These two mechanisms have been shown to promote the emergence of cooperation, yet are complementary in the way they aim to instigate cooperation. In this work, using Evolutionary Game Theory, we describe a computational model showing that there is a wide range of parameters where the combined strategy is better than either strategy by itself, leading to a significantly higher level of cooperation. Interestingly, the improvement is most significant when the cost of arranging commitments is sufficiently high and the penalty reaches a certain threshold, thereby overcoming the weaknesses of both strategies.
Year
DOI
Venue
2015
10.5555/2772879.2773371
AAMAS
Keywords
DocType
Citations 
commitment,economics,evolution of cooperation,evolutionary game theory,general,prisoner's dilemma,psychology,punishment,sociology,stochastic processes
Conference
0
PageRank 
References 
Authors
0.34
0
2
Name
Order
Citations
PageRank
The Anh Han14611.92
Tom Lenaerts227653.44