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• W1605167002 abstract "Returns-based beliefs provides an explanation for the anomaly between the theory and empirics for the one-shot and finitely-repeated Prisoner’s Dilemma games. Even in a fully specified game, there is strategic uncertainty as players attempt to coordinate their actions. Therefore players form subjective probabilities of the actions of their opponents. We provide a new method termed the ‘returns-based beliefs’ approach of forming subjective probabilities that is based upon the expected returns of a particular strategy, in proportion to the total expected returns of all strategies. This method can be applied even in the absence of knowledge of the players’ respective histories." @default.
• W1605167002 created "2016-06-24" @default.
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• W1605167002 date "2008-11-25" @default.
• W1605167002 modified "2023-09-27" @default.
• W1605167002 title "The returns based beliefs and the prisoner's dilemma" @default.
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• W1605167002 doi "https://doi.org/10.17863/cam.5622" @default.
• W1605167002 hasPublicationYear "2008" @default.
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