| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 956780 | Journal of Economic Theory | 2013 | 9 Pages |
Abstract
We study the infinitely repeated prisonerʼs dilemma with the option to maintain or to quit relationships. We show that if agents imitate successful strategies infrequently, defection is not dynamically stable and cooperation emerges regardless of the initial distribution of strategies.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Heiner Schumacher,