Purification in the Infinitely-Repeated Prisoners' Dilemma

B-Tier
Journal: Review of Economic Dynamics
Year: 2008
Volume: 11
Issue: 3
Pages: 515-528

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper investigates the Harsanyi (1973)-purifiability of mixed strategies in the repeated prisoners' dilemma with perfect monitoring. We perturb the game so that in each period, a player receives a private payoff shock which is independently and identically distributed across players and periods. We focus on the purifiability of one-period memory mixed strategy equilibria used by Ely and Valimaki (2002) in their study of the repeated prisoners' dilemma with private monitoring. We find that any such strategy profile is not the limit of one-period memory equilibrium strategy profiles of the perturbed game, for almost all noise distributions. However, if we allow infinite memory strategies in the perturbed game, then any completely-mixed equilibrium is purifiable. (Copyright: Elsevier)

Technical Details

RePEc Handle
repec:red:issued:07-130
Journal Field
Macro
Author Count
3
Added to Database
2026-01-24