Reconsidering the foole's rejoinder: Backward induction in indefinitely iterated prisoner's dilemmas

Synthese 136 (2):135 - 157 (2003)
According to the so-called “Folk Theorem” for repeated games, stable cooperative relations can be sustained in a Prisoner’s Dilemma if the game is repeated an indefinite number of times. This result depends on the possibility of applying strategies that are based on reciprocity, i.e., strategies that reward cooperation with subsequent cooperation and punish defectionwith subsequent defection. If future interactions are sufficiently important, i.e., if the discount rate is relatively small, each agent may be motivated to cooperate by fear of retaliation in the future. For finite games, however, where the number of plays is known beforehand, there is a backward induction argument showing that rational agents will not be able to achieve cooperation. On behalf of the Hobbesian “Foole”, who cannot see any advantage in cooperation, Gregory Kavka (1983, 1986) has presented an argument that significantly extends the range of the backward induction argument. He shows that, for the backward induction argument to be effective, it is not necessary that the precise number of future interactions be known. It is sufficient that there is a known definite upper bound on the number of interactions. A similar argument is developed by John W. Carroll (1987). We will here question the assumption of a known upper bound. When the assumption is made precise in the way needed for the argument to go through, its apparent plausibility evaporates. We then offer a reformulation of the argument, based on weaker, and more plausible, assumptions.
Keywords backward induction  game theory  repeated Prisoner's Dilemma  Kavka, Gregory  backaward induction in indefinitely long games
Categories (categorize this paper)
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
Download options
PhilPapers Archive

Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 9,360
External links
  •   Try with proxy.
  •   Try with proxy.
  •   Try with proxy.
  •   Try with proxy.
  •   Try with proxy.
  •   Try with proxy.
  • Through your library Configure
    References found in this work BETA

    No references found.

    Citations of this work BETA

    No citations found.

    Similar books and articles

    Monthly downloads

    Added to index


    Total downloads

    9 ( #128,851 of 1,088,905 )

    Recent downloads (6 months)

    1 ( #69,661 of 1,088,905 )

    How can I increase my downloads?

    My notes
    Sign in to use this feature

    Start a new thread
    There  are no threads in this forum
    Nothing in this forum yet.