Accuracy and Retaliation in Repeated Games with Imperfect Private Monitoring: Experiments
Hitoshi Matsushima and
Additional contact information
Yutaka Kayaba: University of Tokyo
Tomohisa Toyama: International Christian University
No CARF-F-433, CARF F-Series from Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo
We experimentally examine repeated prisonerâ€™s dilemma with random termination, in which monitoring is imperfect and private. Our estimation indicates that a significant proportion of subjects follow generous tit-for-tat strategies, which are stochastic extensions of tit-for-tat. However, the observed retaliating policies are inconsistent with the generous tit-for-tat equilibrium behavior. Contrary to the prediction of the equilibrium theory, subjects tend to retaliate more with high accuracy than with low accuracy. They tend to retaliate more than the equilibrium theory predicts with high accuracy, while they tend to retaliate less with low accuracy.
New Economics Papers: this item is included in nep-exp and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Working Paper: Accuracy and Retaliation in Repeated Games with Imperfect Private Monitoring: Experiments (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cfi:fseres:cf433
Access Statistics for this paper
More papers in CARF F-Series from Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo Contact information at EDIRC.
Bibliographic data for series maintained by ().