Conditional cooperation in a sequential move game

@article{Farina2008ConditionalCI,
  title={Conditional cooperation in a sequential move game},
  author={Francesco Farina and Patrizia Sbriglia},
  journal={International Review of Economics},
  year={2008},
  volume={55},
  pages={149-165}
}
Cooperation is a pervasive social phenomenon, but more often than not economic theories have little to say about its causes and consequences. In this paper, we explore the hypothesis that cooperative behaviour might be motivated by pure self-interest when the “social” payoff in a game is increasing. We report the results of a series of experiments on the Centipede game. The experiments are organised in two subsequent steps. Subjects first participate in a 2-period trust game, randomly matched… CONTINUE READING