Accepted version: Third-party punishers do not compete to be chosen as partners in an experimental game

Third-party punishment is thought to act as an honest signal of cooperative intent and such signals might escalate when competing to be chosen as a partner. Here, we investigate whether partner choice competition prompts escalating investment in third-party punishment. We also consider the case of signalling via helpful acts to provide a direct test of the relative strength of the two types of signals. Individuals invested more in third-party helping than third-party punishment and invested more in both signals when observed compared to when investments would be unseen. We found no clear effect of partner choice (over and above mere observation) on investments in either punishment or helping. Third-parties who invested more than a partner were preferentially chosen for a subsequent Trust Game although the preference to interact with the higher investor was more pronounced in the help than in the punishment condition. Third-parties who invested more were entrusted with more money and investments in third-party punishment or helping reliably signalled trustworthiness. Individuals who did not invest in third-party helping were more likely to be untrustworthy than those who did not invest in third-party punishment. This supports the conception of punishment as a more ambiguous signal of cooperative intent compared to help.