of a Prisoner's Dilemma game. When time preferences are heterogeneous and bounded away from one, how "much" cooperation … can be achieved by an ongoing group? How does group cooperation vary with the group's size and structure? For an arbitrary … distribution of discount factors, we characterize the maximal average co-operation (MAC) likelihood of this game. The MAC …

with incomplete information both in theory and in a laboratory experiment. In theory, the chopstick auction has an … present. In the experiment, however, we find that the chopstick auction is slightly less efficient but yields far more revenue …

The evolution of large-scale cooperation among genetic strangers is a fundamental unanswered question in the social … the endogenous enforcement of cooperation. Insofar as strongly reciprocal players are willing to costly sanction defectors …, cooperation flourishes. However, experimental evidence unambiguously indicates that not only defection and strong reciprocity, but …

DCEs, the form of the utility function should become more prominent in future experiments. -- Discrete-Choice Experiment …