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- Punishment intensity per third party decreases only mildly as the number of third party punishers increases in a group where a prisoner’s dilemma interaction takes place. - Having a sufficiently large number of third parties is helpful in preventing players from selecting defection because of third party punishment. - Having too many third party players is harmful because aggregate punishment becomes too strong and even cooperators might be punished severely. - Third parties’ punishment intensity is positively correlated with their beliefs on peers’ punishment behaviors. - Third parties prohibit punishment of cooperators and limit over-punishment targeted at norm violators when they are given a chance to democratically decide on the levels of punishment through voting.

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This page is a summary of: Group size effect and over-punishment in the case of third party enforcement of social norms, Journal of Economic Behavior & Organization, May 2018, Elsevier,
DOI: 10.1016/j.jebo.2018.04.002.
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