Rational Cooperation in a Finitely Repeated Prisoners' Dilemma
نویسنده
چکیده
The Emergence and Evolution of Social Norms: Rational Cooperation in a Finitely Repeated Prisoners’ Dilemma
منابع مشابه
Rational Cooperation in the Finitely Repeated Prisoners’ Dilemma
A common observation in experiments involving finite repetition of the prisoners’ dilemma is that players do not always play the single-period dominant strategies (“finking”), but instead achieve some measure of cooperation. Yet finking at each stage is the only Nash equilibrium in the finitely repeated game. We show here how incomplete information about one or both players’ options, motivation...
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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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