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Seminar: Faking patience in a stochastic prisoners' dilemma

Seminar:  Faking patience in a stochastic prisoners' dilemma

Fondation HEC Seminar joint with the Chair in game theory and management and GERAD

Title: Faking patience in a stochastic prisoners' dilemma

Speaker: Elena Parilina – Saint Petersburg State University, Russia

This paper analyses a stochastic Bayesian prisoners' dilemma where players' discount factor is private information. We consider an infinitely repeated game where two states of the world may occur. According to her own discount factor, a player chooses a cooperative behaviour in both states (patient), in none of the states (impatient) or in one state only (mildly patient). The presence of different states of the world affects the strategic role of beliefs. A mildly patient player has an incentive in 'faking patience', which increases with the competitor's belief that the player is patient. Interestingly, this effect prevents cooperative equilibria to occur when the belief in patience is strong.

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Free entrance.
Welcome to everyone!

Date

Wednesday June 20, 2018
Starts at 11:00

Price

gratuit

Contact

Place

Université de Montréal - Pavillon André-Aisenstadt
2920, chemin de la Tour
Montréal
QC
Canada
H3T 1N8
514 343-6111
4488

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