Increasingly, algorithms are supplanting human decision-makers in pricing goods and
services. To analyze the possible consequences, we study experimentally the behavior of …

Within the class of memory-one strategies for the iterated Prisoner's Dilemma, we
characterize partner strategies, competitive strategies and zero-determinant strategies. If a …

Since its origins in the 1950s, the notion of bounded rationality has been incorporated into
economic theory using an array of methodological approaches. This paper presents a …

This paper offers a tractable and fully rational model to study the economics of reputation in
a dynamic market with limited record-keeping, ie, a market in which new entrants observe …

In the repeated prisoner's dilemma, predictions are notoriously difficult. Recently, however,
Blonski, Ockenfels, and Spagnolo (2011)—henceforth, BOS—showed that experimental …

Repeated game theory has been one of the most prevailing tools for understanding long-
running relationships, which are the foundation in building human society. Recent works …

In many environments, including credit and online markets, records about participants are
collected, published, and erased after some time. We study the effects of erasing past …

Zero-determinant (ZD) strategies are a novel class of strategies in the repeated prisoner's
dilemma (RPD) game discovered by Press and Dyson. This strategy set enforces a linear …

The theory of repeated games analyzes the long-term relationship of interacting players and
mathematically reveals the condition of how cooperation is achieved, which is not achieved …

In an iterated game between two players, there is much interest in characterizing the set of
feasible pay-offs for both players when one player uses a fixed strategy and the other player …