Conventions, morals and strategy: Greta’s dilemma and the incarceration game

Basu, Kaushik

doi:10.1007/s11229-022-03475-7

Cited by 3 publications

(1 citation statement)

References 39 publications

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“…The belief that whatever happens because of human choice can be prevented is not valid. Game theory is a reminder that when a group of people interact, and each person is held responsible for her actions, we cannot always carry this logic over to the group, holding the group responsible for the combined action profile that the group 'chooses', see [20]. As analysts, we have to design rules to guard against the adversities.…”

Section: Discussionmentioning

confidence: 99%

A knowledge curse: how knowledge can reduce human welfare

Basu,

Weibull

2024

R. Soc. Open Sci.

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Greater knowledge is always an advantage for a rational individual. However, this article shows that for a group of rational individuals greater knowledge can backfire, leading to a worse outcome for all. Surprisingly, this can happen even when new knowledge does not mean the discovery of a new action but simply provides a deeper understanding of the interaction at stake. More specifically, enhanced knowledge about the current state of nature may hinder cooperation among purely self-interested individuals. The paper describes this paradoxical possibility—a ‘knowledge curse’—and analyses the evolutionary process that occurs if, initially, only a few people have access to the greater knowledge. It concludes with a tentative comment on ways to avert this potential knowledge backlash.

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Section: Discussionmentioning

confidence: 99%

A knowledge curse: how knowledge can reduce human welfare

Basu,

Weibull

2024

R. Soc. Open Sci.

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Religion, Morality, and Economics: Insights from the Sikh Tradition

Singh¹

2022

Journal of Economics, Management and Religion

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This paper analyses the Sikh religious tradition in light of research on the connections between religion, morality, and economics. Sikhism provides a compact and well-documented example of the creation and evolution of a religious community, in which moral guidance is paramount, but interacts with material incentives and material conditions. The time scale of this case, and its geographic and conceptual location in juxtaposition to Hinduism and Islam, make Sikh tradition a useful additional data point for analyses of the relationship of religion, morality, and economics. At the same time, considering the Sikh tradition in these more general conceptual frameworks provides a clearer understanding of this specific case.

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Non-cooperative Bargaining and Collusion Formation Through Communication Networks

2023

SSRN Journal

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Conventions, morals and strategy: Greta’s dilemma and the incarceration game

Cited by 3 publications

References 39 publications

A knowledge curse: how knowledge can reduce human welfare

A knowledge curse: how knowledge can reduce human welfare

Religion, Morality, and Economics: Insights from the Sikh Tradition

Non-cooperative Bargaining and Collusion Formation Through Communication Networks

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