Consider again the prisoner's dilemma. Use the kindness functions defined in equations 15.14 and 15.16 to determine
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Consider again the prisoner's dilemma. Use the kindness functions defined in equations 15.14 and 15.16 to determine a fairness equilibrium for the game. Describe how the motivation for fairness could lead to such an equilibrium. Use the same functions to derive the fairness equilibrium for the dictator game. Does fairness appear to explain the outcomes commonly found in experimental implementations of either of these games?
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According to 1514 the kindness function will be defined by All of the other functions are defined si...View the full answer
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