In a Repeated Prisoners' Dilemma Game

question 63

Multiple Choice

In a repeated prisoners' dilemma game

• A)the players act sequentially.
• B)the outcomes are the same as in a static prisoners' dilemma game.
• C)firms' choices are not influenced by their opponents' actions.
• D)cooperation may result if the game is played indefinitely.

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Definitions:

Justice View

A perspective on how fairness and equity are applied in the allocation of resources and the administration of processes within societal and organizational contexts.

Ethical Behaviour

Conducting oneself according to the ethical beliefs and values that are generally upheld by both society and individuals.

Impartially and Fairly

Acting and making decisions without favoritism or prejudice, ensuring fairness and equality.

Cultural Relativism

The principle that an individual’s beliefs and activities should be understood by others in terms of that individual's own culture, emphasizing the idea that there is no universal standard to judge cultures by.