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of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment …
Persistent link: https://www.econbiz.de/10010364492
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag …
Persistent link: https://www.econbiz.de/10010478988
sustain cooperation, in an indefinitely repeated prisoner's dilemma game. The experiment results show that most subjects …
Persistent link: https://www.econbiz.de/10012833209
decrease is less when there are more repetitions. These results are consistent with a theory of strategic uncertainty in which …
Persistent link: https://www.econbiz.de/10012897626
of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment …
Persistent link: https://www.econbiz.de/10013052550
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
This paper uses a laboratory experiment to study beliefs and their relationship to action and strategy choices in …
Persistent link: https://www.econbiz.de/10013237492
This paper uses a laboratory experiment to study beliefs and their relationship to action and strategy choices in …
Persistent link: https://www.econbiz.de/10013238795
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
of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment …
Persistent link: https://www.econbiz.de/10013033417