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

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Author Info
Ahn, T K, et al

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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

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Publisher Info
Article provided by Springer in its journal Public Choice.

Volume (Year): 106 (2001)
Issue (Month): 1-2 (January)
Pages: 137-55
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Handle: RePEc:kap:pubcho:v:106:y:2001:i:1-2:p:137-55

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  1. Poulsen, Anders & Svendsen, Gert Tinggaard, 2003. "Rise and Decline of Social Capital," Working Papers 03-10, University of Aarhus, Aarhus School of Business, Department of Economics. [Downloadable!]
  2. Camerer, Colin & Knez, Marc, 2000. "Increasing Cooperation in Prisoner's Dilemmas by Establishing a Precedent of Efficiency in Coordination," Working Papers 1080, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
  3. Kevin McCabe & Mary Rigdon & Vernon Smith, 2004. "Sustaining Cooperation in trust Games," Experimental 0403005, EconWPA. [Downloadable!]
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  4. Chu, Ke-young, 2004. "Group-Oriented Values, Rules and Cooperation," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  5. T.K. Ahn & Myungsuk Lee & Lore Ruttan & James M. Walker, 2005. "Asymmetric Payoffs in Simultaneous and Sequential Prisoner's Dilemma Games," Caepr Working Papers 2006-003, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington, revised Aug 2006. [Downloadable!]
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