Slides week 3 Flashcards
1
Q
What is the nash equilibrium in a one-shot PGG?
A
Nash equilibrium is contribute nothing
2
Q
What is the nash equilibrium in a one-shot PGG with punishment?
A
Nash equilibrium: no contribution and no punishment, because punishment is too costly
3
Q
What is altruism regarding game theory?
A
Prosocial behavior towards unidentified others
4
Q
A