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Studies of cooperation in infinitely repeated matching games focus on homogeneous economies, where full cooperation is efficient and any defection is collectively sanctioned. Here we study heterogeneous economies where occasional defections are part of efficient play, and show how to support...
Persistent link: https://www.econbiz.de/10011584447
In this paper, we introduce the concept of payoff distortion in the standard prisoner’s dilemma game when strategies are driven by psychological behaviors. This concept enables to take account each player’s assessment of the other player’s behavior and the asymmetry of information. We...
Persistent link: https://www.econbiz.de/10003883010
We test the assumption that preferences are unchanged throughout a strategic game in the absence of feedback. To do so, we study the relationship between the strategic nature of a game and players' identification in social groups. We present evidence that the strategic nature of the game affects...
Persistent link: https://www.econbiz.de/10003879425
This paper examines characteristics of cooperative behavior in a repeated, n-person, continuous action generalization of a Prisoner's Dilemma game. When time preferences are heterogeneous and bounded away from one, how "much" cooperation can be achieved by an ongoing group? How does group...
Persistent link: https://www.econbiz.de/10011593869
This paper examines characteristics of cooperative behavior in a repeated, n-person, continuous action generalization of a Prisoner' Dilemma game. When time preferences are heterogeneous and bounded away from one, how "much" cooperation can be achieved by an ongoing group? How does group...
Persistent link: https://www.econbiz.de/10014107505
The finitely repeated Prisoners' Dilemma is a good illustration of the discrepancy between the strategic behaviour suggested by a game-theoretic analysis and the behavior often observed among human players, where cooperation is maintained through most of the game. A game-theoretic reasoning...
Persistent link: https://www.econbiz.de/10014162037
joint crime/joint tort, and even in dividing the credits for a joint Mitzvah. We used the game theory to investigate which … argue that this prevents a prisoner’s dilemma. This paper is a part of the developing field of the Talmud and Game Theory …
Persistent link: https://www.econbiz.de/10014092732
international tax competition. Applying the lessons of game theory to several leading corporate tax reform proposals shows that …
Persistent link: https://www.econbiz.de/10013078461
This papers reports some scattered notes on the prisoner's dilemma and on decision theory originated by the reading of … Nozick (1993). It aims at highlighting some obscure aspects of decision theory and, in particular, of game theory: excessive …, particular cases of which are Nozick's causal and evidential arguments. Decision theory's rationality-with-no emotions may …
Persistent link: https://www.econbiz.de/10013152813
tractable comparative statics. We investigate how our theory extends to all symmetric 2x2 games.The Supplement for this paper …
Persistent link: https://www.econbiz.de/10013062746