Plans as conditional strategies: A concept enabling cooperation in the Prisoners' Dilemma?

Alexander Dilger ()

No 5/2014, Discussion Papers of the Institute for Organisational Economics from University of Münster, Institute for Organisational Economics

Abstract: In traditional game theory, strategies are equivalent with actions and mixed strategies are the only extension. As a new extension, strategies are interpreted as plans. Although most plans are not very interesting (like doing a certain action), some conditional plans are. For example, they enable cooperation in the Prisoners' Dilemma.

JEL-codes: C70 C72 D83 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-evo, nep-exp and nep-gth
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