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3. (5 pts) Consider a repeated game with infinite time horizon t = 0,1,2,.... The payoff matrix in each period is as follows: Consider the
3. (5 pts) Consider a repeated game with infinite time horizon t = 0,1,2,.... The payoff matrix in each period is as follows: Consider the strategy that in even periods players play (Defect, Cooperate) and in odd periods play (Cooperate, Defect); and if anyone ever deviates, play (Defect, Defect) forever. Let the time discount factor be 0
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