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#764 Alessandra Cassar: Female Competitiveness, Cooperative Breeding, and Market Development

The Dissenter

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How Interpersonal Networks Improve Market Efficiency

If you have this interpersonal network, you recover a lot of market efficiency versus a situation in which it's widespread cheating. But then they stop when loyalty to the traders prevents you to jump ship and do a better deal. Long term, probably this network market are going to deliver because they bring cooperation in an institution that is not cooperative. In a market, you don't need cooperation. You do your interest. If it is advantageous for you to do this trade, you do it. So in a one-shot game, it's in personal market. And long term cooperation always win.

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