3 ms·
The iterated game (which they studied here) accounts for retribution, but not reputation.
by svachalek 9y ago
The iterated game (which they studied here) accounts for retribution, but not reputation.
- TheSpiceIsLife 9y agoThe iterated game... The iterated game proves the participants are randomly selecting an option, because they know it's a game. Otherwise we need to create a model that explains why participants aren't consistent.
- slg 9y agoYou don't need any model to explain inconsistency. People are not consistent because they are learning the rules and results of the game as they play. The players' first move might be somewhat random, but every subsequent move is based upon their previous experiences with the game. That is why you do these things iteratively.