Economic and Game Theory
|
"Inside every small problem is a large problem struggling to get out." | |||||
Topics | Thread and Full Text View
In an infinitely repeated prisoners’ dilemma game in which players care only about monetary payoffs, can a NE making cooperation the only observed action happen? Answer Yes, if players observe the lower payoff from defecting. Yes, if both players have previously shaken hands and agreed to cooperate. Yes, if both players use punishment strategies. Yes, only after at least 3 repetitions have elapsed. No. [Manage messages] |