Skip to main content
eScholarship
Open Access Publications from the University of California
Refine Search

UC Santa Cruz

UC Santa Cruz Previously Published Works bannerUC Santa Cruz

How Moral Codes Evolve in a Trust Game

Published Web Location

https://doi.org/10.3390/g6020150
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).

Many UC-authored scholarly publications are freely available on this site because of the UC's open access policies. Let us know how this access is important for you.


Top