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Learning to Deal With Repeated Shocks Under Strategic Complementarity : An Experiment

Bulutay, Muhammed - 2020

Experimental evidence shows that the rational expectations hypothesis fails to characterize the path to equilibrium after an exogenous shock when actions are strategic complements. Under identical shocks, however, repetition allows adaptive learning, so that inertia in adjustment should fade...

Persistent link: https://www.econbiz.de/10012842597

Learning to Deal With Repeated Shocks Under Strategic Complementarity : An Experiment

Bulutay, Muhammed - 2020

Persistent link: https://www.econbiz.de/10012842925

Purification in the Infinitely-Repeated Prisoners' Dilemma, Second Version

Bhaskar, V. - 2007

This paper investigates the Harsanyi (1973)-purifiability of mixed strategies in the repeated prisoners' dilemma with perfect monitoring. We perturb the game so that in each period, a player receives a private payoff shock which is independently and identically distributed across players and...

Persistent link: https://www.econbiz.de/10012729368

Repeated Games

Bhattacharya, Rajeev R. - 2017

A repeated game is where the stage game is repeated a number of times – the number of repetitions could be finite or infinite. We usually assume that (a) the stage game has a finite number of players, (b) for each player, the set of feasible actions for the stage game is finite, and (c) the...

Persistent link: https://www.econbiz.de/10012954857

Risk and Repeated Games : Is Random Termination a Reasonable Proxy For Discounting?

Candreva, Christopher - 2019

This paper looks to see if departures from risk neutrality cause subjects to behave differently in randomly terminated supergames compared to infinitely discounted supergames. I show that if subjects have a strictly monotonic utility function, and that utility function is applied to their entire...

Persistent link: https://www.econbiz.de/10012901787

Negotiating Cooperation Under Uncertainty : Communication in Noisy, Indefinitely Repeated Interactions

Dvorak, Fabian - 2018

Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … round of the game. Beyond improving coordination, communication increases efficiency by making subjects' play more lenient …

Persistent link: https://www.econbiz.de/10012908872

Equilibrium Selection and Strategy : Experimental Evidence from an Infinitely Repeated Transboundary Public Goods Game

Kawamura, Tetsuya - 2019

We design a transboundary public goods (TPG) game, in which participants have simultaneous interaction within and between groups. We design the TPG game under an infinitely repeated situation in order to explore the types of strategies that participants employ in infinitely repeated games. We...

Persistent link: https://www.econbiz.de/10012899208

Learning of Actions in Finitely Repeated Games

Song, Yangbo - 2017

This paper studies a novel setting in game theory: a player may learn new actions over time by observing the opponent …

Persistent link: https://www.econbiz.de/10012943238

Indefinitely Repeated Contests : An Experimental Study

Brookins, Philip - 2020

We experimentally explore indefinitely repeated contests. Theory predicts more cooperation, in the form of lower … this result attenuates with contest experience. Theory also predicts more cooperation in indefinitely repeated contests … compared to finitely repeated contests of the same expected length, and we find empirical support for this. Finally, theory …

Persistent link: https://www.econbiz.de/10012852873

Talk to Me : Communication Reduces Uncertainty in Noisy, Indefinitely Repeated Interactions

Dvorak, Fabian - 2020

Case studies of cartels and recent theory suggest that communication promotes cooperation under imperfect monitoring …

Persistent link: https://www.econbiz.de/10012854170