Simply repeating the game with the same set of subjects may change the nature of equilibrium, since incomplete information about types can lead to reputation effects of the sort described in this chapter. A common way to deal with this has been to rematch subjects randomly into groups for each...

The work illustrates that not all non-economic behavior is beyond economic analysis. The maintained assumption as economists is that individual behavior is consistent with self-interest. At its weakest, self-interest only means that choices conform to some underlying preference ordering that is...