6.2 A prisoners dilemma game is played for a fixed number of periods. The fully rational solution...
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6.2 A prisoners’ dilemma game is played for a fixed number of periods. The fully rational solution is for each player to defect in each period. However, in experiments with students, players often cooperate for a significant number of periods if the total number of repetitions is fairly large (such as 10 or 15 periods). Why? (Hint: Consider reciprocity and players’ limited reasoning ability.)
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Managerial Economics And Strategy
ISBN: 9780135640944
2nd Global Edition
Authors: Jeffrey M. Perloff, James A. Brander
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