## On Cooperation Agent-Based Modeling is a way to study and understand complex systems by focusing on the individual entities and their interactions, ultimately leading to the emergence of collective behavior and patterns. Here are 4 properties of agents which have engaged in benefitial trading relationships ### Be Nice - On nonaction, cooperate ### Be Forgiving - On defection, continue to cooperate ### Be Retaliatory - On repeated defection, disincentivise ### Be Predictable - On principal delivery, incentivise - On nondelivery, disincentivise ## Citation https://fs.blog/knowledge-project-podcast/steven-strogatz/ https://www.happyscribe.com/public/the-knowledge-project-with-shane-parrish/73-steven-strogatz-exploring-curiosities#paragraph_3792?utm_source=public_transcript&utm_medium=paragraph&utm_campaign=public_promo > # Steven Strogatz: Exploring Curiosities [The Knowledge Project Ep. #73] #### Links [[Game Theory#Nash Equilibrium]] [[Game]] [[Principal Agent Problem]] [https://en.wikipedia.org/wiki/Prisoner%27s_dilemma](https://en.wikipedia.org/wiki/Prisoner%27s_dilemma)