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Consider the repeated game in which the following stage game is played twice. Total payoff = undiscounted sum of stage payoffs. Player 2 A B
Consider the repeated game in which the following stage game is played twice. Total payoff = undiscounted sum of stage payoffs. Player 2 A B C Player 1 A 2,3 7,1 1,2 B 0,8 6,7 1,2 C 1,2 1,2 4,5 Design a pure-strategy SPE, such that players play (B, B) in stage 1. Based on your strategy, fill out the table below for players' total payoffs based on their stage-1 outcomes. Player 2 A B C Player 1 A B C Note: If the total payoff when they play (A, A) in stage 1 is (8,9), please enter "8,9" (just two numbers and a comma in the middle, without space or " ") as your answer for the first box. The same rule applies to the other boxes. If players never play (B, B) in stage 1 of any pure-strategy SPE, please enter "0,0" in all the boxes
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