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:

Stereotyping

The oversimplified and generalized beliefs or expectations about individuals based on their membership in a certain group.

Stereotyping

The process of attributing a specific set of traits to a collective of individuals, disregarding their unique differences.

Stereotypic Information

Information that is oversimplified, generalized, or exaggerated characteristics pertaining to a group, often leading to prejudiced attitudes or beliefs.

Self-fulfilling Prophecy

A belief or expectation that causes itself to become true, merely because the belief influences behavior towards making it happen.