Slow to Anger and Fast to Forgive: Cooperation in an Uncertain World

S-Tier
Journal: American Economic Review
Year: 2012
Volume: 102
Issue: 2
Pages: 720-49

Authors (3)

Drew Fudenberg (Massachusetts Institute of Tec...) David G. Rand (not in RePEc) Anna Dreber (not in RePEc)

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

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

Abstract

We study the experimental play of the repeated prisoner's dilemma when intended actions are implemented with noise. In treatments where cooperation is an equilibrium, subjects cooperate substantially more than in treatments without cooperative equilibria. In all settings there was considerable strategic diversity, indicating that subjects had not fully learned the distribution of play. Furthermore, cooperative strategies yielded higher payoffs than uncooperative strategies in the treatments with cooperative equilibria. In these treatments successful strategies were "lenient" in not retaliating for the first defection, and many were "forgiving" in trying to return to cooperation after inflicting a punishment. (JEL C72, C73, D81)

Technical Details

RePEc Handle
repec:aea:aecrev:v:102:y:2012:i:2:p:720-49
Journal Field
General
Author Count
3
Added to Database
2026-01-25