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Abstract: This article examines the effect of different other-regarding preferencetypes on the emergence of altruistic punishment behavior from an evolutionaryperspective. Our findings corroborate, complement, and interlink theexperimental and theoretical literature that has shown the importance ofother-regarding behavior in various decision settings. We find that a selfishvariant of inequity aversion is sufficient to quantitatively explain the levelof punishment observed in contemporary experiments: If disadvantageous inequityaversion is the predominant preference type, altruistic punishment emerges inour model to a level that precisely matches the empirical observations. We usea new approach that closely combines empirical results from a public goodsexperiment together with an evolutionary simulation model. Hereby we applyideas from behavioral economics, complex system science, and evolutionarybiology.



Author: Moritz Hetzer, Didier Sornette

Source: https://arxiv.org/







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