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Consider an infinitely repeated game in which the following game is played in every stage. Players discount future payoffs with a factor of 6. Player

Consider an infinitely repeated game in which the following game is played in every stage. Players discount future payoffs with a factor of 6. Player 2 Fight Hug Player 1 Fight 0 , C 40, 23 Hug 23, 40 30, 30 If we want players to play (Hug. Hug) in every stage of a subgame perfect equilibrium outcome, what is the lowest possible discount factor o? Round your answer to 2 decimal places

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