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Individual versus Group Choices of Repeated Game Strategies: A Strategy Method Approach

Author

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  • Timothy N. Cason
  • Vai-Lam Mui
Abstract
We study experimentally the indefinitely repeated noisy prisoner s dilemma, in which random events can change an intended action to its opposite. We investigate whether groups choose Always Defect less and use lenient or forgiving strategies more than individuals,and how decision-makers experiment with different strategies by letting them choose from an extensive list of repeated game strategies. We find that groups use forgiving and tit-for-tat strategies more than individuals. Always Defect, however, is the most popular strategy for both groups and individuals. Groups and individuals cooperate at similar rates overall, and they seldom experiment with different strategies in later supergames. Classification-JEL C73, C92

Suggested Citation

  • Timothy N. Cason & Vai-Lam Mui, 2018. "Individual versus Group Choices of Repeated Game Strategies: A Strategy Method Approach," Purdue University Economics Working Papers 1312, Purdue University, Department of Economics.
    • Handle: RePEc:pur:prukra:1312
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    4. David Bruner & Caleb Cox & David M. McEvoy & Brock Stoddard, 2022. "Strategic thinking in contests," Experimental Economics, Springer;Economic Science Association, vol. 25(3), pages 942-973, June.
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    8. Gallo, Edoardo & Riyanto, Yohanes E. & Roy, Nilanjan & Teh, Tat-How, 2022. "Cooperation and punishment mechanisms in uncertain and dynamic social networks," Games and Economic Behavior, Elsevier, vol. 134(C), pages 75-103.
    9. Aidin Hajikhameneh & Erik O. Kimbrough & Brock Stoddard, 2023. "Do Individualists and Collectivists Cooperate Differently?," Working Papers 23-11, Department of Economics, Appalachian State University.
    10. Zulfiqar, M. & Kamran, M. & Rasheed, M.B., 2022. "A blockchain-enabled trust aware energy trading framework using games theory and multi-agent system in smat grid," Energy, Elsevier, vol. 255(C).
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    More about this item

    Keywords

    Laboratory experiments; Cooperation; Repeated Games; Strategy;
    All these keywords.

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior

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