EconPapers    
Economics at your fingertips  
 

Public randomization in the repeated prisoner's dilemma game with local interaction

Myeonghwan Cho

Economics Letters, 2011, vol. 112, issue 3, 280-282

Abstract: We consider a situation in which each agent observes only their neighbor's actions and locally interacts with them by playing prisoner's dilemma games. Introducing a public randomization, we construct an equilibrium which sustains cooperation and in which cooperation eventually resumes after any history.

Keywords: Repeated; prisoner's; dilemma; game; Local; interaction; Public; randomization; Network (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176511001996
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:112:y:2011:i:3:p:280-282

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-04-04
Handle: RePEc:eee:ecolet:v:112:y:2011:i:3:p:280-282