Game Theory Foundations · Dynamic games
Repeated games & cooperation
Play the Prisoner's Dilemma again and again and cooperation can become rational: the shadow of the future, grim trigger, tit-for-tat, and what Axelrod's tournaments taught.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: PD, Sequential games. Next: Information & signaling. Yale ECON 159 Lectures 21–22; Axelrod *The Evolution of Cooperation*.Next: 1. Why repetition changes things