TY  - UNPD
A1  - Andres, Maximilian
T1  - Equilibrium selection in infinitely repeated games with communication
T2  - CEPA Discussion Papers
N2  - The present paper proposes a novel approach for equilibrium selection in the infinitely repeated prisoner’s dilemma where players can communicate before choosing their strategies. This approach yields a critical discount factor that makes different predictions for cooperation than the usually considered sub-game perfect or risk dominance critical discount factors. In laboratory experiments, we find that our factor is useful for predicting cooperation. For payoff changes where the usually considered factors and our factor make different predictions, the observed cooperation is consistent with the predictions based on our factor.
T3  - CEPA Discussion Papers - 75 
KW  - cooperation
KW  - communication
KW  - infinitely repeated game
KW  - machine learning
Y1  - 2024
UR  - https://publishup.uni-potsdam.de/frontdoor/index/index/docId/63180
UR  - https://nbn-resolving.org/urn:nbn:de:kobv:517-opus4-631800
SN  - 2628-653X
IS  - 75
ER  -