Question
In Prisoner's Dilemma, which one of the following makes the attainment of cooperative outcome more likely? If the game is only played once and players
In Prisoner's Dilemma, which one of the following makes the attainment of cooperative outcome more likely?
If the game is only played once and players know the devasting retaliation of non-cooperation.
OR
If the game is played repeatedly and there is a threat of retaliation against those who refuse to cooperate.
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
