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- W2068051770 abstract "We apply experimental methods to study the role of risk aversion on players’ behavior in repeated prisoners’ dilemma games. Faced with quantitatively equal discount factors, the most risk-averse players will choose Nash strategies more often in the presence of uncertainty than when future profits are discounted in a deterministic way. Overall, we find that risk aversion relates negatively with the frequency of collusive outcomes." @default.
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- W2068051770 date "2002-05-01" @default.
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- W2068051770 title "Accounting for risk aversion in repeated prisoners’ dilemma games: an experimental test" @default.
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- W2068051770 doi "https://doi.org/10.1016/s0167-2681(01)00223-2" @default.
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