Michael Hochberg ( Université Montpellier II)
Abstract. Understanding cooperation requires explicit consideration of the costs and payoffs of different behaviors, and the dynamics of the network of social interactions in competitive environments. How do individual decisions affect community productivity, and how does this, in turn, feedback to alter individual decisions? I will modify the stochastic evolutionary model of Axtell et al. (2000. The Emergence of Classes in a Multi-Agent Bargaining Model. Center on Social and Economic Dynamics Working Paper No. 9) to include behaviors based on the perception of community productivity (the market). I will record community wealth, individual wealth inequality, exchange efficiency, etc.