Consider the stage game below, and suppose it is repeated infinitely many times. To sustain a...
Consider the stage game below, and suppose it is repeated infinitely many times.
To sustain a SPNE in which players play (C,E) in every period by means of a trigger strategy, the discount rate must be larger than or equal to
| a. |
2/3. |
|
| b. |
(C,E) cannot be part of a SPNE. |
|
| c. |
1/7. |
|
| d. |
1/3. |
|
| e. |
3/7. |
Homework Answers
(C,E) can not be part of Nash equilibrium as player 2 will always choose a profitable deviation by playing D
Hence in any setting of grim trigger strategy will not make (C,E) as SPNE .
BY THE WAY this game has only Pure strategy Nash equilibrium and that is (C,D)
Option B is correct
Add Answer to:
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