Armen Alchian Plays Prisoners' Dilemma

Cite this Article
Joshua D. Wright, Armen Alchian Plays Prisoners' Dilemma, Truth on the Market (October 05, 2008),

Many economists know of the famous repeated prisoners’ dilemma experiments played by famous economists.  I recently came across this old post from Brad Delong with an excerpt from Poundstone (1992) which recounts a game between Armen Alchian (who should win the Nobel Prize this year) and Rand economist John Williams.  It includes comments in the margins from the players between rounds, and is therefore, well worth hitting on the link.  Here are more links to Armen and his work: