Lecture 7 - Not because people irrational or clueless. But...

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American Politics Spring 2006 Lecture 8 Deals and Dealmaking
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Making the Deal Stick Deals involving small groups. Mutually beneficial exchange Problem: costly, therefore incentive to renege. Common in Congress Explicit bargain: vote trades. Implicit bargain: scheduling, minority rights. Different from cooperation in large groups. Ability to monitor behavior. Marginal impact of cooperation large. Repeated interactions.
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The Prisoners’ Dilemma Suspect 2’s Choice Remain Silent Implicate (Cooperate) (Defect) Suspect 1’s Choice Remain Silent (Cooperate 1: Short Sentence 2: Short Sentence 1: Long Sentence 2: No Jail Time Implicate (Defect) 1: No Jail Time 2: Long Sentence 1: Mod. Sentence 2: Mod. Sentence
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What’s the “Dilemma?” Deals are easy to make, hard to carry out. “There should be a law against such games!” Why is cooperation so hard. Binding promises impossible. No third-party guarantees.
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Unformatted text preview: Not because people irrational or clueless. But we see cooperation in Congress and elsewhere. Why? Why Cooperation Happens: The Shadow of the Future Repeat play: current interaction one of many. Trigger strategies: reciprocate cooperation, punish defection. To get along, go along. Reputations: never deal with someone who has reneged on a deal with someone else. You dont have to make deals, but you have to carry out the deals you make. Implications Cooperation born of interest, not goodwill. Legislators do favors because they expect them in return. Punishments exist, but rarely used not needed. Explains why the minority party gets some of what it wants. Explains why outsiders have tough time in political life. Suggests need to distinguish conflictual rhetoric from underlying cooperation....
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This note was uploaded on 03/30/2008 for the course PL SC 001 taught by Professor Gold,suzannemcampbell,thomasc during the Spring '07 term at Pennsylvania State University, University Park.

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Lecture 7 - Not because people irrational or clueless. But...

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