Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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REINFORCEMENT, REPEATED GAMES, AND LOCAL INTERACTION


Category: Economic Theory
Game Experiments II
Tuesday 27th August 2002, 09:30 - 11:00, Room: 4.3
Session Chair(s): Frank Heinemann, Ludwig-Maximilians-University Munich, GERMANY

Presenter(s): Kirchkamp, Oliver

Co-Author(s): Nagel, Rosemarie

Keyword(s): Experiments, Local Interaction, Reinforcement, Repeated Games

JEL(s): C72, C92, D74, D83, H41, R12

Abstract:

We investigate and compare different approaches to derive strategies from laboratory data in prisoners' dilemmas experiments. While theory suggests more cooperation in spatial structures than in spaceless ones, we find in our experiments either the opposite or no difference. In this paper we investigate to which degree learning and reinforcement explains this dependence on structure and information. Starting from a very simple model we gradually develop a setup where players use repated game strategies and choose among these strategies using a simple reinforcement rule. We then measure to which degree this model explain players' behaviour.


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Paper Reference Number: 1440

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57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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