Bingquan Shen

Formal Mechanisms for Market Stability in Self-Interested Agent Societies: A Marketplace Simulation Study

Eugene Ng Yi Sheng, Bingquan Shen

Self-interested agents, left unconstrained, tend toward defection in repeated social dilemmas, causing cooperative gains from trade to collapse. This paper investigates what formal mechanisms, layered on top of unrestricted communication, are sufficient for a society of such agen…Read more