Show simple item record Ahn, T.K. Lee, Myungsuk Ruttan, Lore Walker, James 2007-02-01T20:22:14Z 2007-02-01T20:22:14Z 2006-08-28
dc.identifier.uri en
dc.identifier.uri en
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
dc.format.extent 274572 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US en
dc.publisher Center for Applied Economics and Policy Research en
dc.relation.ispartofseries CAEPR Working Papers en
dc.relation.ispartofseries 2006-003 en
dc.relation.isversionof This paper can also be found on SSRN and RePEc. en
dc.subject CAEPR en
dc.subject Center for Applied Economics and Policy Research en
dc.subject cooperation en
dc.subject prisoner’s dilemma en
dc.subject heterogeneity en
dc.subject exit option en
dc.title Asymmetric Payoffs in Simultaneous and Sequential Prisoner's Dilemma Games en
dc.type Working Paper en

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