Strategy Choice in the Infinitely Repeated Prisoner's Dilemma

S-Tier
Journal: American Economic Review
Year: 2019
Volume: 109
Issue: 11
Pages: 3929-52

Authors (2)

Pedro Dal Bó (Brown University) Guillaume R. Fréchette (not in RePEc)

Score contribution per author:

4.036 = (α=2.02 / 2 authors) × 4.0x S-tier

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

Abstract

We use a novel experimental design to reliably elicit subjects' strategies in an infinitely repeated prisoner's dilemma experiment with perfect monitoring. We find that three simple strategies represent the majority of the chosen strategies: Always Defect, Tit-for-Tat, and Grim. In addition, we identify how the strategies systematically vary with the parameters of the game. Finally, we use the elicited strategies to test the ability to recover strategies using statistical methods based on observed round-by-round cooperation choices and find that this can be done fairly well, but only under certain conditions.

Technical Details

RePEc Handle
repec:aea:aecrev:v:109:y:2019:i:11:p:3929-52
Journal Field
General
Author Count
2
Added to Database
2026-01-25