Derek (Player 1) and Susan (Player 2) are playing the following simultaneous move stage game in...
Derek (Player 1) and Susan (Player 2) are playing the following simultaneous move stage game in an infinitely-repeated game.
|
Susan |
|||
|
Cooperate |
Defect |
||
|
Derek |
Cooperate |
4, 4 |
0, 9 |
|
Defect |
9, 0 |
3, 3 |
|
What is the minimum discount rate needed for Derek and Susan to sustain cooperation in this infinitely repeated game? Please solve for the minimum δ required, and enter your answer as a number to two decimal places. For instance, you would enter 1/3 as “0.33”.
Homework Answers
Matrix
| Cooperate | defect | |
| Cooperate | (4,4) | (0,9•) |
| Defect | (9*,0) | (3*,3•) |
NE : ( defect, defect)
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