Author(s)

Pu Xiao

Corresponding Author

Pu Xiao

ABSTRACT

In situation like social interaction and company operation, cooperation can bring profitable and beneficial results, but sometimes cooperation is hard to reach if individual unit want to max their own payoff, such as price war and the arms race, so it is valuable to investigate how to maintain cooperation. This article explained the reason of non-cooperative behavior through three classical models: prisoner’s dilemma, stag-hunt game, and snowdrift game, and reviewed game theory approaches to increase cooperation in them. It is found that changing the payoff matrix, and trust and communication could help reaching cooperation. This article can help researcher with what was studied and provide suggestions on stimulating cooperation in real-life application.

KEYWORDS

Cooperation, Prisoner’s dilemma, Stag-hunt game, Snowdrift game