Article ID Journal Published Year Pages File Type
5062238 Economics Letters 2007 7 Pages PDF
Abstract

A game with multiple equilibria and incomplete information, which allows for reputation building, is repeated infinitely many times. Increasing differences in patience contribute to a greater likelihood of cooperation. As one player becomes sufficiently more patient than the other player, both players benefit, and both players' risk limits, and the conflict between the players, decrease.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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