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Cooperative strategies in anonymous economies: An experiment

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  • Camera, Gabriele
  • Casari, Marco
  • Bigoni, Maria

Abstract

We study cooperation in economies of indefinite duration. Participants faced a sequence of prisonerʼs dilemmas with anonymous opponents. We identify and characterize the strategies employed at the individual level. We report that (i) grim trigger does not describe well individual play and there is wide heterogeneity in strategies; (ii) systematic defection does not crowd-out systematic cooperation; (iii) coordination on cooperative strategies does not improve with experience. We discuss alternative methodologies and implications for theory.

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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 75 (2012)
Issue (Month): 2 ()
Pages: 570-586

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Handle: RePEc:eee:gamebe:v:75:y:2012:i:2:p:570-586

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Web page: http://www.elsevier.com/locate/inca/622836

Related research

Keywords: Folk Theorem; Repeated games; Equilibrium selection; Finite automata; Social dilemma; Random matching;

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References

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Cited by:
  1. Bigoni, Maria & Camera, Gabriele & Casari, Marco, 2012. "Strategies of Cooperation and Punishment among Students and Clerical Workers," IZA Discussion Papers 7051, Institute for the Study of Labor (IZA).
  2. Wright, Julian, 2013. "Punishment strategies in repeated games: Evidence from experimental markets," Games and Economic Behavior, Elsevier, Elsevier, vol. 82(C), pages 91-102.
  3. Dal Bó, Pedro & Fréchette, Guillaume R., 2013. "Strategy choice in the infinitely repeated prisoners' dilemma," Discussion Papers, Research Unit: Economics of Change SP II 2013-311, Social Science Research Center Berlin (WZB).

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