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a ) What is present value of playing cooperation ( C ) in all periods against Tit - For - Tat? Write your answer in
a What is present value of playing cooperation in all periods against TitForTat? Write your answer in terms of the discount rate
b What is the present value of playing defect in the first period and cooperation in all following periods against TitForTat? Write your answer in terms of the discount rate
c For what discount factors can cooperation be sustained against TitForTat?
d What is the present value of playing cooperation in all periods against Grim Trigger? Write your answer in terms of the discount rate
e What is the present value of playing defect in the first period and cooperation in all following periods against Grim Trigger? Write your answer in terms of the discount rate
f For what discount factors can cooperation be sustained against Grim Trigger?
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