Original paper
The Evolution of Cooperation in Infinitely Repeated Games: Experimental Evidence
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...
Paper Details
Title
The Evolution of Cooperation in Infinitely Repeated Games: Experimental Evidence
Published Date
Feb 1, 2011
Journal
Volume
101
Issue
1
Pages
411 - 429
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Notes
History