- A-Z
- Jena Economics Rese...
- Volume 3
- Voluntary Cooperati...
Voluntary Cooperation Based on Equilibrium Retribution : An Experiment Testing Finite-Horizon Folk Theorems
- Autor(in)
- Erschienen
- 21. April 2009
- Nummer des Discussion-Papers
-
2009-030
- Schlagwort(e)
-
Experiment
Finite horizon
Folk theorem
Prisoners’ dilemma
- Zusammenfsg.
-
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 equilibrium compared to the control treatment, a standard prisoners’ dilemma. Quite surprisingly, according to our results, only a strict additional equilibrium increases cooperation rate for a given time horizon. As expected a longer time horizon promotes cooperation.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- experimental economics
- JEL-Classification for JER
- C73 - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games ; C91 - Laboratory, Individual Behavior
- URN
- urn:nbn:de:urmel-00bb7925-965a-4aac-8d1c-ecceea140d8e9-00170199-10