Kamei, Kenju; Kobayashi, Hajime; Tse, Tiffany Tsz Kwan - 2021
The observability of partners' past play is known to theoretically improve cooperation in an infinitely repeated … prisoner's dilemma game under random matching. This paper presents evidence from an incentivized experiment that reputational … information per se may not improve cooperation. A structural estimation suggests that a certain percentage of players act …