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There is a large repeated games literature illustrating how future interactions provide incentives for cooperation … cooperation in an intuitively plausible fashion. Players process information via a mental system — a set of psychological states …
Persistent link: https://www.econbiz.de/10004999026
There is a large repeated games literature illustrating how future interactions provide incentives for cooperation … unrealistically complex. We set out a model in which players accomplish cooperation in an intuitively plausible fashion. Players …
Persistent link: https://www.econbiz.de/10010822916
There is a large repeated games literature illustrating how future interactions provide incentives for cooperation … cooperation in an intuitively plausible fashion. Players process information via a mental system — a set of psychological states …
Persistent link: https://www.econbiz.de/10008763761
simple strategy, "Win-Stay, Lose-Shift," leads to cooperation. WSLS has the nice property that it is able to endogenously … recoordinate back to cooperation after an incorrect signal. I show that WSLS is essentially the only equilibrium that leads to … cooperation in the innitely repeated Prisoner's Dilemma game. In addition, it is also an equilibrium for a wide range of 2 x 2 …
Persistent link: https://www.econbiz.de/10008876858
There is a large repeated games literature illustrating how future interactions provide incentives for cooperation … in which players accomplish cooperation in an intuitively plausible fashion. Players process information via a mental …
Persistent link: https://www.econbiz.de/10011127922
We find that contrary to common perception, cooperation as equilibrium of the infinitely repeated discounted prisoner …-discount factor parameter space cooperation equilibria are strictly risk dominated by non-cooperation (according to the Harsanyi …
Persistent link: https://www.econbiz.de/10005423790
We study how group size affects cooperation in an infinitely repeated n-player Prisoner's Dilemma (PD) game. In each … a social norm of cooperation among all M players. Our main finding is that if agents are sufficiently patient, a social … norm of society-wide cooperation becomes easier to sustain under the contagious strategy as n converges to M. …
Persistent link: https://www.econbiz.de/10010614865
approach is based on the following six "aspects" of a player's behavior: round-1 cooperation, lenience, forgiveness, loyalty …
Persistent link: https://www.econbiz.de/10011099060
This paper proposes an aspiration-based model for (anonymous) cooperation where a large population of agents are re … long-run social state is seen to display some extent of cooperation, a constant positive fraction of the population (always …
Persistent link: https://www.econbiz.de/10008557115
This paper studies repeated games with private monitoring where players make optimal decisions with respect to costly monitoring activities, just as they do with respect to stage-game actions. We consider the case where each player can observe other players' current-period actions accurately...
Persistent link: https://www.econbiz.de/10005385284