In Repeated Games

question 41

Multiple Choice

In repeated games:

• A) players no longer need commitment strategies to reach a mutually beneficial equilibrium.
• B) players will never reach a mutually beneficial equilibrium.
• C) there are no dominant strategies.
• D) negative-negative outcomes are the only outcomes possible.

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Definitions:

Primary Drives

are innate biological needs (e.g., hunger, thirst, sleep) that motivate behavior essential for survival.

Hunger

A physiological state that motivates an organism to seek food for energy.

Thirst

The basic physiological sensation of needing to drink fluids, triggered by the body's need for water to maintain balance and function.

Homeostasis

The tendency of an organism to regulate internal conditions to maintain health and functioning, regardless of outside conditions.