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An Experiment on Prisoner's Dilemma with confirmed Proposals

Attanasi, G., Garcia-Gallego, A., Georgantzis, N. and Montesano, A. (2013) An Experiment on Prisoner's Dilemma with confirmed Proposals. Organizational Behavior and Human Decision Processes, 120. pp. 216-227. ISSN ISSN: 0749-5978 (Social Dilemmas)

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To link to this item DOI: 10.1016/j.obhdp.2012.12.001

Abstract/Summary

We apply an alternating proposals protocol with a confirmation stage as a way of solving a Prisoner’s Dilemma game. We interpret players’ proposals and (no) confirmation of outcomes of the game as a tacit communication device. The protocol leads to unprecedented high levels of cooperation in the laboratory. Assigning the power of confirmation to one of the two players alone, rather than alternating the role of a leader significantly increases the probability of signing a cooperative agreement in the first bargaining period. We interpret pre-agreement strategies as tacit messages on players’ willingness to cooperate and on their beliefs about the others’ type.

Item Type:Article
Refereed:Yes
Divisions:No Reading authors. Back catalogue items
Life Sciences > School of Agriculture, Policy and Development > Department of Agri-Food Economics & Marketing
ID Code:34300
Publisher:Elsevier

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