Title: Indirect Reciprocity
Speaker: Karl Sigmund, University of Vienna
Date: Tuesday, April 6, 2004 3:00 pm
Location: DIMACS Center, CoRE Bldg, Room 431, Rutgers University, Busch Campus, Piscataway, NJ
In indirect reciprocity, an altruistic act is returned, not by the recipient, but by a third party. This type of reciprocity seems to play an important role in the evolution of cooperation. It is widespread, and can be studied in experimental economics, but offers some intriguing theoretical challenges. We investigate some of the major puzzles, in part by analytical means, and in part by numerical simulations.