Finitely repeated Prisoners’ dilemma game : experimental evidence from Armenia

Abstract

Game Theoretical approach was used in multiple spheres as a good determinant of human behavior. It was known to be a solid theory of games and rationality that are proven by mathematical equations and derivations until the time where thy real-life interactions of humans within the experimental framework started to differ from the one told in theory. This paper tries to identify the behavioral patterns of Armenian students who took part in the Prisoners’ dilemma experiment conducted during the Capstone Simulation program offered as a required course for AUA BAB senior students.