Asymmetric Payoffs in Simultaneous and Sequential Prisoner's Dilemma Games

dc.contributor.authorAhn, Toh-Kyeongen_US
dc.contributor.authorLee, Myungsuken_US
dc.contributor.authorRuttan, Lore M.en_US
dc.contributor.authorWalker, James M.en_US
dc.date.accessioned2009-07-31T15:11:43Z
dc.date.available2009-07-31T15:11:43Z
dc.date.issued2006en_US
dc.date.submitted2008-03-28en_US
dc.date.submitted2008-03-28en_US
dc.description.abstract"We investigate the role of payoff asymmetry in laboratory prisoner's dilemma games. Symmetric and Asymmetric games are examined in simultaneous and sequential settings. In the asymmetric/sequential games, we study the impact of having payoff advantaged players moving either first or second. Asymmetry reduces the rates of cooperation in simultaneous games. In sequential games, asymmetry interacts with order of play such that the rate of cooperation is highest when payoff disadvantaged players move first. The presence of an exit option increases cooperation by the players who choose to play the game when payoffs are symmetric, or when payoffs are asymmetric and the payoff disadvantaged player moves first."en_US
dc.identifier.urihttps://hdl.handle.net/10535/4015
dc.publisher.workingpaperseriesCenter for Applied Economics and Policy Research, Indiana University, Bloomington, Indiana, USAen_US
dc.relation.ispartofseriesCAEPR Working Paper, no. 2006-003en_US
dc.subjectcooperationen_US
dc.subjectprisoner's dilemmaen_US
dc.subjectheterogeneityen_US
dc.subject.sectorTheoryen_US
dc.submitter.emailefcastle@indiana.eduen_US
dc.titleAsymmetric Payoffs in Simultaneous and Sequential Prisoner's Dilemma Gamesen_US
dc.typeWorking Paperen_US

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