In the Case in Which Parties Interact with One Another

question 15

Multiple Choice

In the case in which parties interact with one another for an infinite or indefinite amount of time,the game theoretic analysis indicates that ________ is the optimal choice.

• A) cooperation in the first period
• B) defection in the first period
• C) always cooperating irrespective of the counterparty's actions
• D) always defecting irrespective of the counterparty's actions

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Definitions:

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