The Evolution of Cooperation in Infinitely Repeated Games: Experimental Evidence

Preprint
Publisher Website
Google Scholar
  • 1 January 2007
    • preprint
      • Published in RePEc
Abstract
A usual criticism of the theory of infinitely repeated games is that it does not provide sharp predictions since there may be a multiplicity of equilibria. To address this issue, we present experimental evidence on the evolution of cooperation in infinitely repeated prisoner's dilemma games as subjects gain experience. We show that cooperation may prevail in infinitely repeated games, but the conditions under which this occurs are more stringent than the subgame perfect conditions usually considered or even a condition based on risk dominance. (JEL C71, C73) (This abstract was borrowed from another version of this item.)
All Related Versions

This publication has 0 references indexed in Scilit: