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We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag … equilibrium selection between these two stage game forms. We find that a precedent for efficient play in the repeated Stag Hunt … game. Similarly, a precedent of inefficient play in the Prisoner's Dilemma game does not extend to the repeated Stag Hunt …
Persistent link: https://www.econbiz.de/10010478794
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag … equilibrium selection between these two stage game forms. We find that a precedent for efficient play in the repeated Stag Hunt … game. Similarly, a precedent of inefficient play in the Prisoner's Dilemma game does not extend to the repeated Stag Hunt …
Persistent link: https://www.econbiz.de/10011170354
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag … equilibrium selection between these two stage game forms. We find that a precedent for efficient play in the repeated Stag Hunt … game. Similarly, a precedent of inefficient play in the Prisoner's Dilemma game does not extend to the repeated Stag Hunt …
Persistent link: https://www.econbiz.de/10011099770
This paper deploys a novel experiment to compare four theories that explain both selfish and non-selfish cooperation …
Persistent link: https://www.econbiz.de/10013368347
This paper uses a laboratory experiment to study beliefs and their relationship to action and strategy choices in … finitely and indefinitely repeated prisoners' dilemma games. We find subjects' beliefs about the other player's action are … optimism in the finitely repeated game. The data reveals a close link between beliefs and actions that differs between the two …
Persistent link: https://www.econbiz.de/10012488895
Algorithms play an increasingly important role in economic situations. These situations are often strategic, where the artificial intelligence may or may not be cooperative. We study the deter-minants and forms of algorithmic cooperation in the infinitely repeated prisoner’s dilemma. We run a...
Persistent link: https://www.econbiz.de/10014543708
We study environments in which agents are randomly matched to play a Prisoner's Dilemma, and each player observes a few of the partner's past actions against previous opponents. We depart from the existing related literature by allowing a small fraction of the population to be commitment types....
Persistent link: https://www.econbiz.de/10011753387
Reanalyzing 12 experiments on the repeated prisoner's dilemma (PD), we robustly observe three distinct subject types: defectors, cautious cooperators and strong cooperators. The strategies used by these types are surprisingly stable across experiments and uncorrelated with treatment parameters,...
Persistent link: https://www.econbiz.de/10012617057
In economic and social relationships, such as employment and marriages, participants often have the option to separate from their partner. This study experimentally investigates how the option to separate with or without a cost affects cooperation in indefinitely repeated prisoner’s dilemma...
Persistent link: https://www.econbiz.de/10013248649
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in …
Persistent link: https://www.econbiz.de/10011925584