On Game of Credit
Guan Bing · 2005
Credit in economics is to be examined out of people’s ec on omic life, and it’s an output of exchange development at some stage. Credit is an exchange mode and a cooperation relationship. Credit between individuals is a result from multiple gaming in transactions, and duplicated gaming can spontane ously form a credit mechanism among gamers, causing a cooperative equilibrium. D uring the course of social evolution, those with credit can gain much more benef it than those without credit, which enables credit expand in the whole society. Credit is a mass rational behavior which is based upon individual rational choic e. It’s credit that promotes the development of the society.