We compare behavior of two person teams with individuals in indefinitely repeated prisoner dilemma games with perfect monitoring. Team discussions are used to understand the rationale underlying these choices, and how these choices come about. There are three main findings: (1) Teams learned to cooperate faster than individuals, and cooperation was more stable for teams. (2) Strategies identified from team dialogues differ from those identified by the Strategy Frequency Estimation Method. This reflects the improvisational nature of teams’ decision making. (3) Increasing cooperation was primarily driven by teams unilaterally cooperating in the hope of inducing their opponent to cooperate.
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Using Team Discussions to Understand Behavior in Indefinitely Repeated Prisoner’s Dilemma Games
We compare behavior of two person teams with individuals in indefinitely repeated prisoner dilemma games with perfect monitoring. Team discussions are used to understand the rationale underlying these choices, and how these choices come about. There are three main findings: (1) Teams learned to cooperate faster than individuals, and cooperation was more stable for teams. (2) Strategies identified from team dialogues differ from those identified by the Strategy Frequency Estimation Method. This reflects the improvisational nature of teams’ decision making. (3) Increasing cooperation was primarily driven by teams unilaterally cooperating in the hope of inducing their opponent to cooperate.
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- Award ID(s):
- 1630288
- PAR ID:
- 10504540
- Publisher / Repository:
- American Econmic Association
- Date Published:
- Journal Name:
- American economic journal Microeconomics
- Volume:
- 15
- Issue:
- 4
- ISSN:
- 1945-7669
- Page Range / eLocation ID:
- 111-144
- Subject(s) / Keyword(s):
- Infinitely repeated prisoner dilemma games, team decision making, analysis of team discussions
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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We compare behavior of two person teams with individuals in indefinitely repeated prisoner dilemma games with perfect monitoring. Team discussions are used to understand the rationale underlying these choices, and how these choices come about. There are three main findings: (1) Teams learned to cooperate faster than individuals, and cooperation was more stable for teams. (2) Strategies identified from team dialogues differ from those identified by the Strategy Frequency Estimation Method. This reflects the improvisational nature of teams’ decision making. (3) Increasing cooperation was primarily driven by teams unilaterally cooperating in the hope of inducing their opponent to cooperate.more » « less
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