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Asymmetric payoffs in simultaneous and sequential prisoner’s dilemma games |
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| Authors: | T K Ahn Myungsuk Lee Lore Ruttan James Walker |
| Institution: | 1. Department of Public Administration, Korea University, Anam-dong, Seongbuk-gu, Seoul, 136-701, South Korea 2. Graduate School of Governance, Sung Kyun Kwan University, 53 Myeongrynn-dong 3-ga, Jongno-gu, Seoul, 110-745, Korea 3. Department of Environmental Studies, Emory University, Math & Science Center, Suite E510, 400 Downian Drive, Atlanta, GA, 30322, USA 4. Department of Economics, Indiana University, Wylie Hall 105, Bloomington, IN, 47405, USA |
| Abstract: | We investigate the role of payoff asymmetry in laboratory prisoner’s dilemma games. Symmetric and asymmetric games are examined in simultaneous and sequential settings. In the asymmetric sequential games, we study the impact of having payoff advantaged players moving either first or second. Asymmetry reduces the rates of cooperation in simultaneous games. In sequential games, asymmetry interacts with order of play such that the rate of cooperation is highest when payoff disadvantaged players move first. |
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