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Consider the following infinitely repeated prisoners dilemma game. The feasible stage-game payoffs of this game are depicted in Figure 22.6 of your book. Determine how
Consider the following infinitely repeated prisoners dilemma game.
The feasible stage-game payoffs of this game are depicted in Figure 22.6 of your book.
- Determine how an average payoff of (2,2) can be obtained. (5)
- Determine whether or not (2,2) can be supported as the result of a subgame perfect equilibrium. (10)
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