Apply Repeated Games to Solve "Prisoner's Dilemma" Problem in E-Commerce

Abstract

This paper describes the use of game theory to analyze the "prisoner's dilemma" phenomenon inherent in Electronic Commerce. Analysis yielded the following conclusions: Results of one-time game between both sides is invalid (fraud, fraud).Repeated games can achieve the effective Nash equilibrium (honesty, honesty) between both sides in the process of… (More)

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