If This One-Shot Game Is Repeated 100 Times, the Nash-Equilibrium

question 92

Multiple Choice

If this one-shot game is repeated 100 times, the Nash-equilibrium payoffs of the players will be ________________ each period.

• A)(2, 2)
• B)(10, -8)
• C)(-8, 10)
• D)(6, 6)

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Definitions:

Concrete Operational

A stage in Piaget's theory of cognitive development where children begin to think logically about concrete events.

Preoperational

A stage in Piaget's theory of cognitive development (approximately ages 2-7) where children begin to use language and think symbolically, but lack logical operations.

Formal Operational

The stage in Piaget's theory of cognitive development where individuals learn to think logically about abstract concepts and hypothetical situations.

Division

A mathematical operation in which one quantity is divided by another, resulting in a quotient that shows how many times one number is contained within another.