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Updated: Jul 24, 2025
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The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm
Published on: October 20, 2022
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Cooperation dynamics in collective risk games with endogenous endowments
Ji Quan1,2, Xiaomin Zhang1,2, Wenman Chen1,2
1School of Management, Wuhan University of Technology, Wuhan 430070, China.
Chaos (Woodbury, N.Y.)
|July 6, 2023
Summary
Cooperation in collective risk dilemmas is enhanced by setting small contribution ratios in multiple stages. Moderate risk aversion is achieved with a balanced enhancement factor, offering insights for international economic relations.
Area of Science:
- Behavioral Economics
- Game Theory
- International Relations
Background:
- Global public issues present complex challenges due to wealth disparities and lack of consensus.
- The influence of initial wealth differences on cooperation in collective risk dilemmas is a significant research area.
Purpose of the Study:
- To investigate how endogenous endowment heterogeneity affects cooperation in collective risk dilemmas.
- To analyze the dynamics of cooperation and population stability in a two-stage game model.
Main Methods:
- Utilized a two-stage game model with endogenous endowments.
- Conducted simulations to explore cooperation dynamics under varying parameters.
Main Results:
- Increased risk probability correlates with higher investment.
- Cooperative behavior is promoted by small contribution ratios across multiple stages.
- The benefit coefficient's impact on cooperation depends on the second-stage contribution ratio.
- A moderate enhancement factor optimizes risk aversion within a specific contribution ratio range.
Conclusions:
- Findings provide valuable insights for real-world collective risk games, particularly those involving international economic relations.
- Strategic setting of contribution ratios and enhancement factors can foster cooperation in scenarios with inherent risks.
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