Showing 1 - 10 of 41
initial cooperation rates are similar, it increases in the groups with higher intelligence to reach almost full cooperation … differences in the response to past cooperation of the partner. In higher intelligence subjects, cooperation after the initial … difference is absent. Cooperation of higher intelligence subjects is payoff sensitive, thus not automatic: in a treatment with …
Persistent link: https://www.econbiz.de/10013046232
BoS, with high and low payoff inequality. In PD, disclosure markedly hampers cooperation, as higher intelligence players …
Persistent link: https://www.econbiz.de/10014080121
We examine rational learning among expert chess players and how they update their beliefs in repeated games with the same opponent. We present a model that explains how equilibrium play is affected when players change their choice of strategy when receiving additional information from each...
Persistent link: https://www.econbiz.de/10013121916
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited a priori information. The econometrics hinges on a...
Persistent link: https://www.econbiz.de/10013088340
mediated by differences in cognitive skills. Our design uses a Repeated Prisoner's Dilemma, and we compare rates of cooperation … higher cooperation rates and profits than in separated groups (with consistent gains among lower IQ subjects and relatively …
Persistent link: https://www.econbiz.de/10012842062
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … understood. We study cooperation under different monitoring and communication structures in the laboratory. Under all monitoring … monitoring, where actions can only be observed with noise, cooperation is stable only when subjects can communicate before every …
Persistent link: https://www.econbiz.de/10012908872
In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...
Persistent link: https://www.econbiz.de/10013052550
beliefs with experience are central to understanding behavior and learning in the IRPD. Beliefs strongly predict cooperation …
Persistent link: https://www.econbiz.de/10014078209
find support for risk dominance of TFT as a determinant of cooperation. This comment introduces the "Payback" strategy … explain the observed cooperation patterns …
Persistent link: https://www.econbiz.de/10014083911
We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure and feedback about choices in the previous period, we run treatments (i) without feedback about previous play, (ii) with no information about the...
Persistent link: https://www.econbiz.de/10013325045