Work

Deterministic and Stochastic Prisoner's Dilemma Games: Experiments in Interdependent Security

Year: 2007

Type: report

Abstract: This paper examines experiments on interdependent security prisoner's dilemma games with repeated play.By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition.Our main findings are that individuals have differing underlying propensities to invest that vary across time, are affected by both the stochastic nature of the game and even more so by an individual's ability to learn about his or her counterpart's choices.Implications for individual decisions and the likely play of a person's counterpart are discussed in detail.

Source: National Bureau of Economic Research

DOI: 10.3386/t0341

Authors: Howard Kunreuther, Gabriel Silvasi, Eric Bradlow, Dylan Small

Institutions: National Bureau of Economic Research, University of Pennsylvania

Language: English

Topic: Experimental Behavioral Economics Studies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

Open Access status: green

Funder: National Science Foundation

Award: DRU: Network Structure, Behavioral Considerations and Risk Management in Interdependent Security Games

OpenAlex ID: W1886973261

Cites: 48

Cited by: 9

Related to: 10