Third-party punishment as a costly signal of trustworthiness
Abstract
Third-party punishment (TPP), in which unaffected observers punish selfishness, promotes cooperation by deterring defection. But why should individuals choose to bear the costs of punishing? We present a game theoretic model of TPP as a costly signal of trustworthiness. Our model is based on individual differences in the costs and/or benefits of being trustworthy. We argue that individuals for whom trustworthiness is payoff-maximizing will find...
Paper Details
Title
Third-party punishment as a costly signal of trustworthiness
Published Date
Feb 1, 2016
Journal
Volume
530
Issue
7591
Pages
473 - 476
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