Paper #391

Títol:

Multiple prisoner's dilemma games with (out) an outside option: An experimental study

Autor:

Esther Hauk

Data:

Abril 1999

Resum:

Experiments in which subjects play simultaneously several finite prisoner's dilemma supergames with and without an outside option reveal that: (i) subjects use probabilistic start and endeffect behaviour, (ii) the freedom to choose whether to play the prisoner's dilemma game enhances cooperation, (iii) if the payoff for simultaneous defection is negative, subjects' tendency to avoid losses leads them to cooperate; while this tendency makes them stick to mutual defection if its payoff is positive.

Paraules clau:

Prisoner's dilemma, cooperation, exit, experiments, loss aversion, Leex

Codis JEL:

C14, C72, C78, C91

Àrea de Recerca:

Microeconomia

Publicat a:

Theory and Decision, Volume 54, Number 3, May 2003, pp. 207-229(23)

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