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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.

Suggested Citation

  • Camera, Gabriele & Casari, Marco & Bigoni, Maria, 2012. "Cooperative strategies in anonymous economies: An experiment," Games and Economic Behavior, Elsevier, vol. 75(2), pages 570-586.
  • Handle: RePEc:eee:gamebe:v:75:y:2012:i:2:p:570-586
    DOI: 10.1016/j.geb.2012.02.009
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Bigoni, Maria & Camera, Gabriele & Casari, Marco, 2013. "Strategies of cooperation and punishment among students and clerical workers," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 172-182.
    2. Jones, Matthew T., 2014. "Strategic complexity and cooperation: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 106(C), pages 352-366.
    3. Wright, Julian, 2013. "Punishment strategies in repeated games: Evidence from experimental markets," Games and Economic Behavior, Elsevier, vol. 82(C), pages 91-102.
    4. Duffy, John & Xie, Huan, 2016. "Group size and cooperation among strangers," Journal of Economic Behavior & Organization, Elsevier, vol. 126(PA), pages 55-74.
    5. Masaki Aoyagi & V. Bhaskar & Guillaume R. Frechette, 2015. "The Impact of Monitoring in Infinitely Repeated Games: Perfect, Public, and Private," ISER Discussion Paper 0942, Institute of Social and Economic Research, Osaka University.
    6. Gabriele Camera, 2016. "A Perspective on Electronic Alternatives to Traditional Currencies," Working Papers 16-32, Chapman University, Economic Science Institute.
    7. repec:eee:eecrev:v:104:y:2018:i:c:p:185-219 is not listed on IDEAS
    8. 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).

    More about this item

    Keywords

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

    JEL classification:

    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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