کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
884658 912407 2007 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Trembles may support cooperation in a repeated prisoner's dilemma game
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Trembles may support cooperation in a repeated prisoner's dilemma game
چکیده انگلیسی

This paper studies the effect of ‘trembles’ in a repeated prisoner's dilemma game. Previous studies have focused on the detrimental effects of trembles and sought to find error-proof strategies. This paper examines a potential benefit of mistakes in play. Even though mistakes reduce the effectiveness of punishment, it will be shown that in the presence of trembles, some conditional cooperative strategies become asymptotically stable. The paper also shows that the effect of trembles depends in a surprising way on the benefit-cost ratio in the model: benefits must be neither too low nor too high if stability of conditional cooperation is to arise.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 63, Issue 3, July 2007, Pages 384–393
نویسندگان
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