{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,11,3]],"date-time":"2025-11-03T04:40:50Z","timestamp":1762144850532,"version":"build-2065373602"},"reference-count":0,"publisher":"MDPI AG","issue":"1","license":[{"start":{"date-parts":[[2012,3,21]],"date-time":"2012-03-21T00:00:00Z","timestamp":1332288000000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/3.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Games"],"abstract":"<jats:p>This paper investigates how the introduction of social preferences affects players\u2019 equilibrium behavior in both the one-shot and the infinitely repeated version of the Prisoner\u2019s Dilemma game. We show that fairness concerns operate as a \u201dsubstitute\u201d for time discounting in the infinitely repeated game, as fairness helps sustain cooperation for lower discount factors. In addition, such cooperation can be supported under larger parameter values if players are informed about each others\u2019 social preferences than if they are uninformed. Finally, our results help to identify conditions under which cooperative behavior observed in recent experimental repeated games can be rationalized using time preferences alone (patience) or a combination of time and social preferences (fairness).<\/jats:p>","DOI":"10.3390\/g3010056","type":"journal-article","created":{"date-parts":[[2012,3,22]],"date-time":"2012-03-22T19:26:07Z","timestamp":1332444367000},"page":"56-77","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":5,"title":["Patience or Fairness? Analyzing Social Preferences in Repeated Games"],"prefix":"10.3390","volume":"3","author":[{"given":"John","family":"Duffy","sequence":"first","affiliation":[{"name":"Department of Economics, University of Pittsburgh, Pittsburgh, PA 15260, USA"}]},{"given":"F\u00e9lix","family":"Mu\u00f1oz-Garc\u00eda","sequence":"additional","affiliation":[{"name":"School of Economic Sciences, Washington State University, Pullman, WA 99164, USA"}]}],"member":"1968","published-online":{"date-parts":[[2012,3,21]]},"container-title":["Games"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.mdpi.com\/2073-4336\/3\/1\/56\/pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,10,11]],"date-time":"2025-10-11T21:49:29Z","timestamp":1760219369000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.mdpi.com\/2073-4336\/3\/1\/56"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2012,3,21]]},"references-count":0,"journal-issue":{"issue":"1","published-online":{"date-parts":[[2012,3]]}},"alternative-id":["g3010056"],"URL":"https:\/\/doi.org\/10.3390\/g3010056","relation":{},"ISSN":["2073-4336"],"issn-type":[{"type":"electronic","value":"2073-4336"}],"subject":[],"published":{"date-parts":[[2012,3,21]]}}}