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A novel experiment is used to show that the effect of a policy on the level of cooperation is greater when it is chosen democratically by the subjects than when it is exogenously imposed. In contrast to the previous literature, our experimental design allows us to control for selection effects...
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We study the evolutionary robustness of strategies in in infinitely repeated prisoners' dilemma games in which players make mistakes with a small probability and are patient. The evolutionary process we consider is given by the replicator dynamics. We show that there are strategies with a...
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An extensive experimental literature has documented miscoordination in establishing cooperative relationships when they can be supported in indefinitely repeated games: some people systematically try to cooperate, while others do not. The literature has had little success in finding personal...
Persistent link: https://www.econbiz.de/10015421930