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Cooperation in PD Games: Fear, Greed, and History of Play

Published on Jan 1, 2001in Public Choice0.97
· DOI :10.1023/A:1005219123532
T. K. Ahn20
Estimated H-index: 20
(IU: Indiana University Bloomington),
Elinor Ostrom102
Estimated H-index: 102
(IU: Indiana University Bloomington)
+ 1 AuthorsJames M. Walker43
Estimated H-index: 43
(IU: Indiana University Bloomington)
Abstract
The impact of the cardinal relationships among pecuniary payoffs, and of social history and reputation, on the choice of strategies in four one-shot Prisoner's Dilemma games is experimentally examined. The results suggest that normalized payoff values linked to "fear" and "greed" are important as predictors of behavior in the PD games. Success in coordinating on the payoff dominant equilibrium in previous plays of coordination games also increases the probability of cooperative play in the PD games. The effect of past play is strongest when individuals are matched repeatedly with the same person in previous play, as contrasted to being matched randomly with another player. Copyright 2001 by Kluwer Academic Publishers
  • References (14)
  • Citations (115)
References14
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#1Ernst Fehr (UZH: University of Zurich)H-Index: 98
#2Klaus M. Schmidt (LMU: Ludwig Maximilian University of Munich)H-Index: 33
#1Thomas R. Palfrey (California Institute of Technology)H-Index: 52
#2Jeffrey E. Prisbrey (Government of the United States of America)H-Index: 1
#1Joyce E. Berg (UI: University of Iowa)H-Index: 17
#2John Dickhaut (UMN: University of Minnesota)H-Index: 23
Last.Kevin McCabe (UMN: University of Minnesota)H-Index: 38
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#1David M. Kreps (Stanford University)H-Index: 40
#2Paul Milgrom (SPbU: Saint Petersburg State University)H-Index: 60
Last.Richard E. Wilson (Stanford University)H-Index: 36
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#1Yi Huang (NUS: National University of Singapore)H-Index: 5
#2Jingwen Chai (NUS: National University of Singapore)H-Index: 1
Last.Rongjun Yu (NUS: National University of Singapore)H-Index: 24
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#1Tracy Xiao Liu (THU: Tsinghua University)H-Index: 5
#2Jenna Bednar (UM: University of Michigan)H-Index: 14
Last.Scott E. Page (UM: University of Michigan)H-Index: 29
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View next paperThe Evolution of Cooperation