Building rational cooperation

@article{Andreoni2006BuildingRC,
  title={Building rational cooperation},
  author={James Andreoni and Larry Samuelson},
  journal={J. Economic Theory},
  year={2006},
  volume={127},
  pages={117-154}
}
Experiments have shown that people have a natural taste for cooperation. This paper takes a first step in understanding how formal and informal institutions might be designed to utilize these private tastes to facilitate more efficient economic interactions. We examine a twice-played prisoner’ dilemma in which the total of the stakes in the two periods is fixed, but the distribution of these stakes can be varied across periods. We verify experimentally that it is best to “start small… CONTINUE READING
Highly Cited
This paper has 37 citations. REVIEW CITATIONS

From This Paper

Figures, tables, results, connections, and topics extracted from this paper.
29 Extracted Citations
25 Extracted References
Similar Papers

Referenced Papers

Publications referenced by this paper.
Showing 1-10 of 25 references

Behavioral Game Theory: Experiments in Strategic Interaction

  • Colin Camerer
  • 2003

Weigelt , Experimental tests of a sequential equilibrium reputation model

  • K. C. Camerer
  • Econometrica
  • 2002

The emergence of trust

  • Matthias Blonski, Daniel A. Probst
  • Economic working paper, University of Mannheim,
  • 2001
1 Excerpt

Starting small and renegotiation

  • Joel Watson
  • Journal of Economic Theory,
  • 1999
1 Excerpt

Similar Papers

Loading similar papers…