Cooperative moves in a non-cooperative game. (24th August 2007)

• Record Type: Journal Article
• Authors: Jones, Robert T.; Veendorp, E.C.H.
• Editors: Cox, Howard; Mowatt, Simon; Young, Stuart
• Is Part Of: Global business & economics review. Volume 7:Number 1(2005)
• Page Start: 25
• Page End: 30
• Publication Date: 2007-08-24
• Subjects: game theory -- cooperative games -- non-cooperative games -- cooperation -- alternating decision making -- pay-offs; Economics -- Periodicals; International economic relations -- Periodicals; 330.5
• Languages: English
• ISSNs: 1097-4954

Abstract

We try to show that the use of alternating decision making in an infinitely repeated prisoners' dilemma type game may enable sophisticated players to achieve perpetual cooperation starting from any initial position and without any prior communication, and that the ability of players to do so depends on the relative magnitudes of the pay-offs in the stage game.