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...

We generalize standard school choice models to allow for interdependent preferences and differentially-informed students. We show that in general, the commonly-used deferred acceptance mechanism is no longer strategy-proof, the outcome is not stable, and may make less informed students worse...

Abstract An implicit assumption in most of the matching literature is that all participants know their preferences. If there is variance in the effort agents spend researching options, some may know more about their preferences, while others may know less. When this is true, strategizing is...

We examine how repeated interaction can facilitate coordinated turn-taking in a two-player infinitely repeated Volunteer's Dilemma. We conjecture that repetition creates an environment for players to coordinate on the Pareto efficient, but asymmetric pure strategy Nash equilibria of the stage...