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Classroom Games: A Prisoner's Dilemma

Author

Listed:
  • Charles A. Holt
  • Monica Capra

Abstract

Game theory is often introduced in undergraduate courses in the context of a prisoner's dilemma paradigm, which illustrates the conflict between social incentives to cooperate and private incentives to defect. We present a very simple card game that efficiently involves a large number of students in a prisoner's dilemma. The extent of cooperation is affected by the payoff incentives and by the nature of repeated interaction. The exercise can be used to stimulate a discussion of a wide range of topics such as bankruptcy, quality standards, or price competition.
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Suggested Citation

  • Charles A. Holt & Monica Capra, 2000. "Classroom Games: A Prisoner's Dilemma," The Journal of Economic Education, Taylor & Francis Journals, vol. 31(3), pages 229-236, September.
    • Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:229-236
    DOI: 10.1080/00220480009596781
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    Cited by:

    1. Morgan, Stephen N. & Sharp, Misti D. & Grogan, Kelly A., 2020. "So You Want to Run a Classroom Experiment Online? The Good, the Bad, and the Different," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 2(5), December.
    2. Andreas Ortmann, 2003. "Bertrand Price Undercutting: A Brief Classroom Demonstration," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(1), pages 21-26, January.
    3. Timothy L. Sorenson, 2002. "Theory And Practice In The Classroom: A Repeated Game Of Multimarket Oligopoly," Contemporary Economic Policy, Western Economic Association International, vol. 20(3), pages 316-329, July.
    4. Deck, Cary & Pate, Jennifer, 2022. "High time to study the relationship between marijuana use and economic behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 198(C), pages 1-14.
    5. Schneider, Mark & Leland, Jonathan W., 2015. "Reference dependence, cooperation, and coordination in games," Judgment and Decision Making, Cambridge University Press, vol. 10(2), pages 123-129, March.
    6. Jeroen Hinloopen & Adriaan Soetevent, 2008. "From Overt to Tacit Collusion," Tinbergen Institute Discussion Papers 08-059/1, Tinbergen Institute.
    7. Metin TETİK, 2020. "Investigating factors affecting cooperative and non-cooperative behavior: An experimental game in the classroom," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(623), S), pages 205-214, Summer.
    8. Deck, Cary & Jahedi, Salar, 2015. "An experimental investigation of time discounting in strategic settings," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 54(C), pages 95-104.
    9. Cary Deck & Salar Jahedi, 2014. "People Do Not Discount Heavily in Strategic Settings, but They Believe Others Do," Working Papers 14-11, Chapman University, Economic Science Institute.
    10. Uri Benzion & Yochanan Shachmurove & Joseph Yagil, 2004. "Subjective discount functions - an experimental approach," Applied Financial Economics, Taylor & Francis Journals, vol. 14(5), pages 299-311.
    11. Melo, L, 2010. "Earth magnetism and the economic behavior," MPRA Paper 21656, University Library of Munich, Germany.
    12. Gabriel Mhonyera & Daniel Francois Meyer, 2023. "The Impact of AfCFTA on Welfare and Trade: Nigeria and South Africa in Light of Core Export Competences," Sustainability, MDPI, vol. 15(6), pages 1-16, March.
    13. Uri Benzion & Yochanan Shachmurove & Joseph Yagil, 2003. "How good is the Exponential Function discounting Formula? An Experimental Study," PIER Working Paper Archive 03-015, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    14. Bogliacino, Francesco & Gómez, Camilo & Grimalda, Gianluca, 2023. "Crime-related exposure to violence and prosocial behavior: Experimental evidence from Colombia," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 104(C).
    15. Jonathan Guest, 2015. "Reflections on ten years of using economics games and experiments in teaching," Cogent Economics & Finance, Taylor & Francis Journals, vol. 3(1), pages 1115619-111, December.

    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior

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