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

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页码：37 / 50

页数：14

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