Will you cooperate in case the payoff can be guaranteed?

To reduce the risk of cooperators being hitchhiked so as to promote cooperation, this paper proposes a kind of insurance-like incentive mechanism, which integrates the advantages of reward and insurance. This paper uses an agent-based model to simulate the feasibility of the insurance-like incentive. The changes in the fraction of cooperators and net profit influenced by different extra-charges and incentive rates are analyzed. And evolutionary...