Why agents cooperate is an old question that has been widely studied in economics, as well as in other disciplines. In economics, the focus has been mainly put in analyzing whether cooperative behaviors may arise from ...

This paper studies the effects of ambiguity on long-run cooperation in infinitely repeated games with strategic players. Using a neo-additive capacities framework, which allows us to work with a utility function ...

This paper studies the effects of ambiguity on long-run cooperation, by analyzing the infinitely repeated Prisoner’s Dilemma and its application to Cournot’s duopoly model. We show that ambiguity decreases the likelihood ...

We develop the evolution of a population on infinitely repeated prisoner's dilemma (IRPD) with three reactive strategies ALLD, QTFT (almost TFT) and S(1; q), where the last one generalizes the generous strategy GTFT. It ...