A captivating paper via Cooper and Kegel (2023) in AEJ: Microeconomics unearths that the use of groups (slightly then people) within the prisoner’s catch 22 situation sport is much more likely to lead to opting for to cooperate than will be the case if people enjoying each and every different.
We examine conduct of 2 particular person groups with people in indefinitely repeated prisoner catch 22 situation video games with absolute best tracking. Workforce discussions are used to know the reason underlying those alternatives and the way those alternatives come about. There are 3 primary findings: (i) Groups realized to cooperate sooner than people, and cooperation was once extra solid for groups. (ii) Methods recognized from group dialogues vary from the ones recognized via the Technique Frequency Estimation Way. This displays the improvisational nature of groups’ choice making. (iii) Expanding cooperation was once basically pushed via groups unilaterally cooperating within the hope of inducing their opponent to cooperate.
You’ll learn the entire paper right here.