The Likelihood of a Cooperative Outcome in a Repeated Prisoners

question 8

Multiple Choice

The likelihood of a cooperative outcome in a repeated prisoners' dilemma type game decreases when:

• A)they value payoffs in future periods much less than they value payoffs in the current period.
• B)interactions between the players are frequent.
• C)cheating is easy to detect.
• D)the one-time gain from cheating is small in comparison to the eventual cost of cheating.

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Definitions:

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