In-class Simulations of the Iterated Prisoner's Dilemma Game

Abstract

The author developed a simple computer program for the in-class simulation of the repeated prisoner's dilemma game with student-designed strategies. He describes the basic features of the software and presents two examples for the use of the program in teaching the problems of cooperation among profit-maximizing agents.

Key Words:

• computer simulation
• experiments
• prisoner's dilemma
• repeated games

Additional information

Notes on contributors

Peter Bodo

Peter Bodo is an associate professor of economics at Southern Connecticut State University (e-mail: [email protected]). The author thanks two anonymous referees and Judith W. Mills for helpful comments.