. (2015) 'Revealed reputations in the nitely-repeated prisoners' dilemma.', Economic theory., 58 (3). pp. 441-484. Further information on publisher's website:http://dx.doi.org/10.1007/s00199-015-0863-1Publisher's copyright statement:The nal publication is available at Springer via http://dx.doi.org/10.1007/s00199-015-0863-1.
Additional information:Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-pro t purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. Abstract In a sequential-move, finitely-repeated prisoners' dilemma game (FRPD), cooperation can be sustained if the first-mover believes her opponent might be a behavioral type who plays a tit-for-tat strategy in every period. We test this theory by revealing second-mover histories from an earlier FRPD experiment to their current opponent. Despite eliminating the possibility of reputation building, aggregate cooperation actually increases when histories are revealed. Cooperative histories lead to increased trust, but negative histories do not cause decreased trust. We develop a behavioral model to explain these findings.