The absent-minded prisoner

Alexander Dilger ()

No 14/1998, Wirtschaftswissenschaftliche Diskussionspapiere from University of Greifswald, Faculty of Law and Economics

Abstract: If one of two rational players is absent-minded for at least three rounds, cooperation in a prisoners dilemma with a finite number of repetitions is possible. If both players are absentminded, even two rounds of absent-mindedness can be enough for cooperation in these rounds and all rounds before. Sufficient conditions for the existence of a cooperative equilibrium are derived, a plausible interpretation of absent-mindedness in the case of many repetitions is given.

Keywords: absent-mindedness; prisoners dilemma; repeated games (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Date: 1998
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