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The Influence of Social Value Orientation on Decision-Making Behavior in Repeated Prisoner's Dilemma

  • Yuyan Xia*
  • , Haozhi Yang
  • , Yin Li
  • , Yuanhao Liu
  • *Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

This paper starts from the classic case of ''Prisoner's Dilemma"in game theory, and investigates the prisoner's dilemma model from single game to repeated game by combining cooperation indices such as social values and beliefs, and discusses the maximum benefit function of the participants when they adopt "tit for tat (TFT)"strategy and 'trigger strategy (TS)"respectively. "strategy and 'trigger strategy (TS)", and finally analyzed how these cooperation indices affect the mechanism of cooperation in repeated games, and finally argued the equilibrium difference between prisoner's dilemma in single game and repeated game, and illustrated that under repeated game conditions The possibility of cooperation arises under the conditions of repeated games.

Original languageEnglish
Title of host publicationProceedings of the 35th Chinese Control and Decision Conference, CCDC 2023
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages3157-3162
Number of pages6
ISBN (Electronic)9798350334722
DOIs
StatePublished - 2023
Externally publishedYes
Event35th Chinese Control and Decision Conference, CCDC 2023 - Yichang, China
Duration: 20 May 202322 May 2023

Publication series

NameProceedings of the 35th Chinese Control and Decision Conference, CCDC 2023

Conference

Conference35th Chinese Control and Decision Conference, CCDC 2023
Country/TerritoryChina
CityYichang
Period20/05/2322/05/23

Keywords

  • Beliefs
  • Cooperation
  • Prisoner's Dilemma model
  • Repeated games
  • Social Value Orientation

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