Predicting Cooperation with Learning Models

B-Tier
Journal: American Economic Journal: Microeconomics
Year: 2024
Volume: 16
Issue: 1
Pages: 1-32

Authors (2)

Drew Fudenberg (Massachusetts Institute of Tec...) Gustav Karreskog Rehbinder (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We use simulations of a simple learning model to predict cooperation rates in the experimental play of the indefinitely repeated prisoner's dilemma. We suppose that learning and the game parameters only influence play in the initial round of each supergame, and that after these rounds, play depends only on the outcome of the previous round. We find that our model predicts out-of-sample cooperation at least as well as models with more parameters and harder-to-interpret machine learning algorithms. Our results let us predict the effect of session length and help explain past findings on the role of strategic uncertainty.

Technical Details

RePEc Handle
repec:aea:aejmic:v:16:y:2024:i:1:p:1-32
Journal Field
General
Author Count
2
Added to Database
2026-01-25