Accounting for risk aversion in repeated prisoners' dilemma games: an experimental test

被引：76

作者：

Sabater-Grande, G ^{[1
]}

Georgantzis, N

机构：

[1] Univ Jaume 1 Castellon, Dept Econ, Castellon de La Plana 123071, Spain

[2] LINEEX Valencia, Castellon de La Plana 123071, Spain

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2002年 / 48卷 / 01期

关键词：

risk aversion; discount factor; repeated prisoners' dilemma;

D O I：

10.1016/S0167-2681(01)00223-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We apply experimental methods to study the role of risk aversion on players' behavior in repeated prisoners' dilemma games. Faced with quantitatively equal discount factors, the most risk-averse players will choose Nash strategies more often in the presence of uncertainty than when future profits are discounted in a deterministic way. Overall, we find that risk aversion relates negatively with the frequency of collusive outcomes. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：37 / 50

页数：14

共 50 条

[1] Group-separations based on the repeated prisoners' dilemma games
Huang, Yuankan
Inohara, Takehiro
[J]. APPLIED MATHEMATICS AND COMPUTATION, 2015, 256 : 267 - 275
[2] Cooperation through communication: Teams and individuals in finitely repeated Prisoners' dilemma games
Kagel, John H.
[J]. JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2018, 146 : 55 - 64
[3] ACCOUNTING FOR THE TRAGEDY IN THE PRISONERS-DILEMMA
TILLEY, J
[J]. SYNTHESE, 1994, 99 (02) : 251 - 276
[4] DIFFERENTIAL APPROACH TO REPEATED PRISONERS DILEMMA
OVERCAST, HE
TULLOCK, G
[J]. THEORY AND DECISION, 1971, 1 (04) : 350 - 358
[5] Prisoners' dilemma in duopoly (super) games
Lambertini, L
[J]. JOURNAL OF ECONOMIC THEORY, 1997, 77 (01) : 181 - 191
[6] Solutions to realistic prisoners' dilemma games
Szilagyi, MN
[J]. 2001 IEEE INTERNATIONAL CONFERENCE ON SYSTEMS, MAN, AND CYBERNETICS, VOLS 1-5: E-SYSTEMS AND E-MAN FOR CYBERNETICS IN CYBERSPACE, 2002, : 841 - 846
[7] INDIVIDUAL ATTITUDE TOWARD RISK AND CHOICE BETWEEN PRISONERS DILEMMA GAMES
SHERMAN, R
[J]. JOURNAL OF PSYCHOLOGY, 1967, 66 (02): : 291 - &
[8] AN EXPERIMENTAL TEST FOR RISK-AVERSION
HARRISON, GW
[J]. ECONOMICS LETTERS, 1986, 21 (01) : 7 - 11
[9] EXPECTING CONTINUED PLAY IN PRISONERS-DILEMMA GAMES - A TEST OF SEVERAL MODELS
MURNIGHAN, JK
ROTH, AE
[J]. JOURNAL OF CONFLICT RESOLUTION, 1983, 27 (02) : 279 - 300
[10] RATIONAL COOPERATION IN THE FINITELY REPEATED PRISONERS-DILEMMA - EXPERIMENTAL-EVIDENCE
ANDREONI, J
MILLER, JH
[J]. ECONOMIC JOURNAL, 1993, 103 (418): : 570 - 585

← 1 2 3 4 5 →