|recommend book⇒The Evolution of Cooperation
|Robert M. Axelrod
|The science of cooperation. How cooperation develops among the selfish and even between warring parties. The key is long term association with the same group. Not all cooperation is good. Oligopolies form by the same mechanism. It explains why strict tit for tat is a sound strategy. It is about the mathematics/strategies that generate revenge spirals and spirals of co-operation. Somebody must have read this book when Britain decided to stop taking two eyes for every eye in Northern Ireland, which eventually lead to bringing terrorism under control. Using computer modeling Axelrod discovers the power of a simple tit for tat strategy in dealing with others. He also discovers the mathematical conditions under which people co-operate, collude, compete, aid each other or refuse to offer reasonable assistance. He also explains the mathematics of why corporations tend toward price-fixing and other co-operative behaviour with their competitors.
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