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The present generation bears the costs of cooperation, whereas future generations accrue the benefits if present cooperation succeeds, or suffer if present cooperation fails. Although temporal discounting has long been known to matter in making individual choices, the extent of temporal discounting is poorly understood in a group setting. We represent the effect of both intra- and intergenerational discounting through a collective-risk group experiment framed around climate change. Participants could choose to cooperate or to risk losing an additional endowment with a high probability. The rewards of defection were immediate, whereas the rewards of cooperation were delayed by one day, delayed by seven weeks (intragenerational discounting), or delayed by several decades and spread over a much larger number of potential beneficiaries (intergenerational discounting). 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A.", "lastName": "Verbon" } ], "abstractNote": "Recent theoretical work shows that folk theorems can be developed for infinite overlapping generations games. Cooperation in such games can be sustained as a Nash equilibrium. But, of course, there are other equilibria. This paper investigates experimentally whether cooperation actually occurs in a simple overlapping generations game. Subjects both play the game and formulate strategies. Our main finding is that subjects fail to exploit the intertemporal structure of the game. Even when we provided subjects with a recommendation to play the grim trigger strategy, most of the subjects still employed safe history-independent strategies. 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