Download This PaperMaxmin, coalitions and evolution
45 Pages Posted: 26 Mar 2024 Last revised: 1 Apr 2024
Date Written: February 19, 2024
Abstract
Maxmin decision making can take place at an individual or a coalitional level. We allow evolution to choose between the two, determining the relative shares of individual and coalitional decision making. We consider factors that favor or disfavor the evolution of coalitionality and apply our framework to social dilemmas, oligopolistic price competition and voting on committees.
Keywords: maxmin, coalitions, evolution
JEL Classification: C71, C73, D01
Suggested Citation: Suggested Citation
Newton, Jonathan and Naono, Miharu, Maxmin, coalitions and evolution (February 19, 2024). Available at SSRN: https://ssrn.com/abstract=4738459 or http://dx.doi.org/10.2139/ssrn.4738459
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