Infinity in the lab. How do people play repeated games?

Infinity in the lab. How do people play repeated games?

0.00 Avg rating0 Votes
Article ID: iaor2012289
Volume: 72
Issue: 2
Start Page Number: 205
End Page Number: 219
Publication Date: Feb 2012
Journal: Theory and Decision
Authors: ,
Keywords: statistics: experiment, decision theory
Abstract:

We introduce a novel mechanism to eliminate endgame effects in repeated prisoner’s dilemma experiments. In the main phase of a supergame our mechanism generates more persistent cooperation than finite horizon or random continuation rules. Moreover, we find evidence for cooperation‐enhancing ‘active/reactive’ strategies which concentrate in the initial phase of a supergame as subjects gain experience.

Reviews

Required fields are marked *. Your email address will not be published.