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Turn‐taking in finitely repeated symmetric games : experimental evidence

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Silby, H and Tisdell, J and Evans, SB (2015) Turn‐taking in finitely repeated symmetric games : experimental evidence. Discussion Paper. University of Tasmania. (Submitted)

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Abstract

In this paper we investigate the emergence of turn taking in three finitely repeated
games: (i) an allocation game, (ii) a low conflict dominant strategy equilibrium (DSE)
game and (iii) a high conflict DSE game in an experimental setting. The experiments
are run with and without cheap talk communication between participants. In order to
develop experimental conjectures and interpret results we develop a theoretical analysis
which incorporates the presence of three types of participant: (i) cooperative, (ii)
competitive and (iii) self seeking. Based on our theoretical analysis we hypothesize that
turn taking may be exhibited experimentally in all three of the games we study when
some participants have cooperative preferences. We find experimentally that turn taking
emerges in all treatments, and its incidence is qualitatively similar in the allocation
and DSE games. While cheap talk increased the rate of cooperative behavior and eliminated
competitive behaviour, it had at most a small effect on self seeking behavior.
The degree of conflict also had a small effect on the prevalence of turn taking. We
observed, using a repeated matching experiment for the high conflict DSE games, that
a large majority of participants’ behavior can be attributed to one of the three types.

Item Type: Report (Discussion Paper)
Keywords: Laboratory experiment, turn-taking, repeated game
Publisher: University of Tasmania
Date Deposited: 14 Jan 2016 22:52
Last Modified: 14 Jan 2016 23:27
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