Bereby-Meyer, Yoella; Roth, Alvin E. - In: American Economic Review 96 (2006) 4, pp. 1029-1042
In an experiment, players? ability to learn to cooperate in the repeated prisoner?s dilemma was substantially diminished when the payoffs were noisy, even though players could monitor one another?s past actions perfectly. In contrast, in one-time play against a succession of opponents, noisy...