Costly punishment and its role in the evolution of cooperation

This project seeks to explain the evolution of costly punishment, which, in turn, is often invoked an explanation for the evolution of cooperation. Our approach is to reconcile the concepts of economic and biological rationality – a duality arising through contrary views of rational agents as those that maximize absolute payoffs and those that maximize relative payoffs. Such an evolutionary economics approach can lead to better mitigation strategies for the social dilemmas that are ubiquitous in complex systems and that underpin most of the worlds intractable problems.