Cooperation through communication: Teams and individuals in finitely repeated Prisoners’ dilemma games
John Kagel ()
Journal of Economic Behavior & Organization, 2018, vol. 146, issue C, 55-64
For both two person teams and individuals unrestricted communication between opponents in a finitely repeated prisoner dilemma game results in stage-one cooperation rates of between 95–100%. Content analysis of between opponent communication focuses on the increased earnings cooperation can achieve, with minimal discussion of punishment for failing to cooperate. Restoring cooperation after an early stage-game defection typically requires compensating the aggrieved agent.
Keywords: Finitely repeated prisoners’ dilemma game; Cheap talk; Teams compared to individuals (search for similar items in EconPapers)
JEL-codes: D03 C92 C73 (search for similar items in EconPapers)
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