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When subjects interact in continuous time, their ability to cooperate may dramatically increase. In an experiment, we … study the impact of different time horizons on cooperation in (quasi) continuous time prisoner's dilemmas. We find that … cooperation levels are similar or higher when the horizon is deterministic rather than stochastic. Moreover, a deterministic …
Persistent link: https://www.econbiz.de/10011735128
Unlike previous attempts to implement cooperation in a prisoners' dilemma game with an infinite horizon in the … cooperation in all but the last round. Our four main experimental treatments distinguish long versus short horizon and strict …, according to our results, only a strict additional equilibrium increases cooperation rate for a given time horizon. As expected …
Persistent link: https://www.econbiz.de/10010266648
cooperation. We ask whether monitoring and indirect punishment with the help of others are comparable to direct monitoring and … punishment in establishing and maintaining voluntary cooperation. The treatment effects we find are rather weak. Others …
Persistent link: https://www.econbiz.de/10010252395
beliefs with experience are central to understanding behavior and learning in the IRPD. Beliefs strongly predict cooperation …
Persistent link: https://www.econbiz.de/10013345861
difference in cooperation rates increases as the subjects gain experience with the game. As a result, sophisticates earn more … than naifs, when paired with players of their own type. This finding implies that cooperation in the game is not a result …
Persistent link: https://www.econbiz.de/10012969678
opportunity for profitable cooperation. Our experimental method creates two groups of subjects who are similar but have different … long-run losses. Initially similar, cooperation rates for groups with different intelligence levels diverge, declining in … groups of lower intelligence, and increasing to reach almost full cooperation levels in groups of higher intelligence …
Persistent link: https://www.econbiz.de/10011547729
hampers cooperation, as higher intelligence players are less cooperative once they are made aware that they play against …
Persistent link: https://www.econbiz.de/10012652718
BoS, with high and low payoff inequality. In PD, disclosure markedly hampers cooperation, as higher intelligence players …
Persistent link: https://www.econbiz.de/10013286604
mediated by differences in cognitive skills. Our design uses a Repeated Prisoner's Dilemma, and we compare rates of cooperation … higher cooperation rates and profits than in separated groups (with consistent gains among lower IQ subjects and relatively …
Persistent link: https://www.econbiz.de/10012162894
mediated by differences in cognitive skills. Our design uses a Repeated Prisoner’s Dilemma, and we compare rates of cooperation … higher cooperation rates and profits than in separated groups (with consistent gains among lower IQ subjects and relatively …
Persistent link: https://www.econbiz.de/10012158710