an:04068662
Zbl 0654.90108
Benoit, Jean-Pierre
A non-equilibrium analysis of the finitely-repeated prisoner's dilemma
EN
Math. Soc. Sci. 16, No. 3, 281-287 (1988).
00169003
1988
j
91A20
bounded rationality; non-equilibrium approach; finitely repeated prisoner's dilemma; trigger strategies
We follow a non-equilibrium approach to the finitely repeated prisoner's dilemma with trigger strategies. Each player has a probability distribution which gives the probability with which he thinks the other player first plans to cheat in any given period. We show that, provided that this probability distribution assigns some minimum weight to all periods, the players will cooperate for most of the game if it is repeated enough times.