Centipede game

GPTKB entity

Statements (28)
Predicate Object
gptkbp:instanceOf game theory concept
gptkbp:commonObservation humans often cooperate longer than predicted by theory
gptkbp:features possibility of cooperation
alternating moves
increasing payoffs
gptkbp:field game theory
gptkbp:firstDescribed gptkb:Robert_Rosenthal
https://www.w3.org/2000/01/rdf-schema#label Centipede game
gptkbp:introducedIn 1981
gptkbp:NashEquilibrium immediate defection
gptkbp:notablePublication Rosenthal, R. W. (1981). Games of perfect information, predatory pricing and the chain-store paradox. Journal of Economic Theory, 25(1), 92-100.
gptkbp:numberOfPlayers two
gptkbp:payoffStructure payoffs increase as game progresses
gptkbp:realWorldApplications economics
political science
psychology
gptkbp:relatedTo gptkb:train
reciprocity
cooperation
rationality
defection
gptkbp:solvedBy backward induction
gptkbp:structure finite
gptkbp:studiedIn experimental economics
behavioral game theory
gptkbp:type extensive-form game
gptkbp:bfsParent gptkb:Subgame_Perfect_Equilibrium
gptkbp:bfsLayer 7