EconPapers    
Economics at your fingertips  
 

Time Horizon and Cooperation in Continuous Time

Maria Bigoni (), Marco Casari, Andrzej Skrzypacz and Giancarlo Spagnolo

Research Papers from Stanford University, Graduate School of Business

Abstract: When subjects interact in continuous time, their ability to cooperate may dramatically increase. In an experiment, we study the impact of different time horizons on cooperation in (quasi) continuous time prisoner's dilemmas. We find that cooperation levels are similar or higher when the horizon is deterministic rather than stochastic. Moreover, a deterministic duration generates different aggregate patterns and individual strategies than a stochastic one. For instance, under a deterministic horizon subjects show high initial cooperation and a strong end-of-period reversal to defection. Moreover, they do not learn to apply backward induction but to postpone defection closer to the end.

JEL-codes: C72 C73 C91 C92 D74 (search for similar items in EconPapers)
Date: 2011-11
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-gth and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://gsbapps.stanford.edu/researchpapers/library/RP2088.pdf

Related works:
Journal Article: Time Horizon and Cooperation in Continuous Time (2015) Downloads
Working Paper: Time Horizon and Cooperation in Continuous Time (2013) Downloads
Working Paper: Time Horizon and Cooperation in Continuous Time (2013) Downloads
Working Paper: Time Horizon and Cooperation in Continuous Time (2011) Downloads
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:ecl:stabus:2088

Access Statistics for this paper

More papers in Research Papers from Stanford University, Graduate School of Business Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2020-04-09
Handle: RePEc:ecl:stabus:2088