Time to Defect: Repeated Prisoners' Dilemma Experiments with Uncertain Horizon
نویسندگان
چکیده
منابع مشابه
Time to Defect: Repeated Prisoners’ Dilemma Experiments with Uncertain Horizon
Using a symmetric 2-person prisoners’ dilemma as the base game, each player receives a signal for the number of rounds to be played with the same partner. The actual number of rounds (the length of the supergame) is determined by the maximal signal where each player expects the other’s signal to be smaller, respectively larger, by a fixed number of rounds with 50% probability. In the tradition ...
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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 periods. We focus on the purifiability of one-period memory mixed strategy equilibria used by Ely and Vä...
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The unique Nash equilibrium of the finitely repeated n-person Prisoners’ Dilemma calls for defection in all rounds. One way to enforce cooperation in groups is ostracism: players who defect are expelled. If the group’s members prefer not to diminish its size, ostracism hurts the legitimate members of the group as well as the outcast. putting the credibility of the threat in doubt. Nonetheless, ...
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We investigate the finitely repeated prisoners’ dilemma with explicit contractual devices. We show that full collusion can be achieved by incentivizing the players’ final period of play with small fines. Our incentivizing modality is the penance contract, by which a player is penalized if (and only if) he deviates from the penance strategy in the final period. We show that using this contractua...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.1053921