If the Prisoners' Dilemma Is Repeated Over and Over Again

question 19

Multiple Choice

If the Prisoners' Dilemma is repeated over and over again with the same two players having an indefinite time horizon,

• A) the unique equilibrium is to play the Nash equilibrium of Confess each period.
• B) players can cooperate on Silent if they are not too patient.
• C) players can cooperate on Silent if they are patient enough.
• D) players can only cooperate on Silent in the initial stages of the game.

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Definitions:

Dark Adaptation

The process by which the eyes become more sensitive to low levels of light after being in brighter light, allowing for better vision in darkness or dimness.

Absolute Thresholds

The minimum intensity of stimulation required to detect a particular sensory input 50% of the time.

Peripheral Vision

The part of vision that occurs outside the very center of gaze, allowing for the detection of stimuli and movement in a wider field around the direct line of sight.

Wavelength

The distance between successive crests of a wave, often used to describe the physical properties of electromagnetic waves such as light and radio waves.