SUPPLEMENT TO “ TIME HORIZON AND COOPERATION IN CONTINUOUS TIME ” ( Econometrica
نویسندگان
چکیده
منابع مشابه
Time Horizon and Cooperation in Continuous Time∗
We study interactions with different durations and termination rules in a (quasi) continuous-time prisoner’s dilemma experiment. We find that cooperation is easier to achieve and sustain with deterministic horizons than with stochastic ones; end-game effects emerge, but subjects postpone them with experience; longer duration helps cooperation. Static theories for continuous-time games cannot si...
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Unlike previous attempts to implement cooperation in a prisoners’ dilemma game with an infinite horizon in the laboratory, we focus on extended prisoners’ dilemma games in which a second (pure strategy) equilibrium allows for voluntary cooperation in all but the last round. Our four main experimental treatments distinguish long versus short horizon and strict versus non-strict additional equili...
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This paper shows that cooperation can be sustained until close to the end of a finite-horizon, continuous-time prisoners’ dilemma when there is informational asymmetry in how quickly players can respond. The simulated equilibrium closely replicates recent experimental results (Friedman and Oprea, 2012, AER). The core argument is extended to a class of canonical preemption games with private inf...
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Cooperation in prisoner’s dilemma games can usually be sustained only if the game has an infinite horizon. We analyze to what extent the theoretically crucial distinction of finite vs. infinite-horizon games is reflected in the outcomes of a prisoner’s dilemma experiment. We compare three different experimental termination rules in four treatments: a known finite end, an unknown end, and two va...
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