Trust and Credit in Organizations and Institutions: As Viewed from the Evolution of Cooperation
English | 2023 | ISBN: 9811949786 | 340 Pages | PDF EPUB (True) | 34 MB
This book shows that evolutionary game theory can unravel how mutual cooperation, trust, and credit in a group emerge in organizations and institutions. Some organizations and institutions, such as insurance unions, credit unions, and banks, originated from very simple mutual-aid groups. Members in these early-stage mutual-aid groups help each other, making rules to promote cooperation, and suppressing free riders. Then, they come to "trust" not only each other but also the group they belong to, itself.