I experimentally investigate a new game that modifies the prisoner's dilemma. In this game, as opposed to the regular prisoner's dilemma, there is no tradeoff between cooperation and strategic risk (uncertainty regarding the other player's strategy) that is the leading explanation for low...

This experiment investigates a stochastic version of the infinitely repeated prisoner's dilemma.The stochastic element introduces the importance of beliefs about the future for supportingcooperation as well as cooperation and defection on the equilibrium path. There is more coop-eration in...