Plans as Conditional Strategies: A Concept Enabling Cooperation in the Prisoners’ Dilemma

Discussion Paper of the Institute for Organisational Economics 5/2014

19 Pages Posted: 21 Dec 2014 Last revised: 8 Apr 2017

Date Written: May 1, 2014

Abstract

In traditional game theory, strategies are equivalent with actions and mixed strategies are the only extension. As a new extension, strategies are interpreted as plans. Although most plans are not very interesting (like doing a certain action), some conditional plans are. For example, they enable cooperation in the Prisoners’ Dilemma.

Keywords: Cooperation, Prisoners' Dilemma, Game Theory, Rationality, Strategy

JEL Classification: C72, C70, D83

Suggested Citation

Dilger, Alexander, Plans as Conditional Strategies: A Concept Enabling Cooperation in the Prisoners’ Dilemma (May 1, 2014). Discussion Paper of the Institute for Organisational Economics 5/2014, Available at SSRN: https://ssrn.com/abstract=2541021 or http://dx.doi.org/10.2139/ssrn.2541021

Alexander Dilger (Contact Author)

University of Münster ( email )

Institute for Organisational Economics
Scharnhorststr. 100
Münster, D-48151
Germany
+49-251-83-25330 (Phone)
+49-251-83-28429 (Fax)

HOME PAGE: http://www.wiwi.uni-muenster.de/io/en/organisation/Dilger.html

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