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We aim to understand the role and evolution of beliefs in the indefinitely repeated prisoner's dilemma (IRPD). To do so, we elicit beliefs about the supergame strategies chosen by others. We find that heterogeneity in beliefs and changes in beliefs with experience are central to understanding...
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In the two-person sequential best shot game, first player 1 contributes to a public good and then player 2 is informed about this choice before contributing. The payoff from the public good is the same for both players and depends only on the maximal contribution. Efficient voluntary cooperation...
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convergence is 1/T, regardless of the size of the network. In contrast, arbitrary n-person zero-sum games with bilinear payoff … requires a condition on bilateral payoffs or, alternatively, that the network is acyclic. Our results hold also for the …
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Three kinds of activities happen in a network: agents link or unlink; agents act; agents observe and learn. The … existing literature on network formation, on network games and on monitoring and learning in networks studies each of these in … are linked and (perhaps) from a public signal. We define a repeated network game and an equilibrium of this game. An …
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I present a behavioural model of network formation with positive network externalities in which individuals have …
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