The Variability of Conditional Cooperation in Sequential Prisoner's Dilemmas
Simon Gaechter (),
Kyeongtae Lee and
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Simon Gaechter: University of Nottingham
Kyeongtae Lee: Economic Research Institute, Bank of Korea
Authors registered in the RePEc Author Service: Simon Gächter ()
No 2022-10, Discussion Papers from The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham
We examine how conditional cooperation is related to the material payoffs in a Sequential Prisoner's Dilemma experiment. We have subjects play eight SPDs with varying payoffs, systematically varying the material gain to the second-mover and the material loss to the first-mover when the second-mover defects in response to cooperation. We find that few second-movers are conditionally cooperative in all eight games, and most second-movers change their strategies from game to game. Second-movers are less likely to conditionally cooperate when the gain is higher and when the loss is lower. This pattern is consistent with models of distributional preferences.
Keywords: prisoner's dilemma; conditional cooperation (search for similar items in EconPapers)
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