Cooperation, but No Reciprocity: Individual Strategies in the Repeated Prisoner's Dilemma

S-Tier
Journal: American Economic Review
Year: 2015
Volume: 105
Issue: 9
Pages: 2882-2910

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

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

Abstract

In the repeated prisoner's dilemma, predictions are notoriously difficult. Recently, however, Blonski, Ockenfels, and Spagnolo (2011)—henceforth, BOS‐showed that experimental subjects predictably cooperate when the discount factor exceeds a particular threshold. I analyze individual strategies in four recent experiments to examine whether strategies are predictable, too. Behavior is well summarized by "Semi-Grim" strategies: cooperate after mutual cooperation, defect after mutual defection, randomize otherwise. This holds both in aggregate and individually, and it explains the BOS-threshold: Semi-Grim equilibria appear as the discount factor crosses this threshold, and then, subjects start cooperating in round 1 and switch to Semi-Grim in continuation play. (JEL C72, C73, C92, D12)

Technical Details

RePEc Handle
repec:aea:aecrev:v:105:y:2015:i:9:p:2882-2910
Journal Field
General
Author Count
1
Added to Database
2026-01-24