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Question 1. Suppose the following game is repeated innitely: c d c 3,1 0,0 d 0,0 1,3 Figure 1. For a non-negative 6*: , only
Question 1. Suppose the following game is repeated innitely: c d c 3,1 0,0 d 0,0 1,3 Figure 1. For a non-negative 6*: , only for 56 [6*,1), the \"Tit-for-Tat\" strategy is a SPE of the innitely repeated game (with discount factor 6)? Enter \"1\" in ll in the blank if you believe that no such 6* exists. Question 2. If a strategic form game G is repeated nitely many times, then in every SPE of the repeated game1 a NE of G being played at every date. True or False? Question 3. If the game below is repeated innitely often, Player 1 should receive a payoff of at least A and and Player 2 should receive a payoff of at least B regardless of the discount factor 66(0,1)? Question 4. Fill in the blank to make the following a true statement. Consider an Bayesian Game in which 91:{,m,h} is the set of Pl's types and A1:{e,b} is the set of actions. In this game, P1 has actions
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