Homework Answers
A)
| 1/2 | L | R |
| U | (7,7) | (4,8•) |
| D | (8*,4) | (5*,5•) |
Dominant strategy :
P1 has Dominant strategy : D
P-2 has Dominant strategy : R
b) NE :
( D,R )
c) now if game is repeated for finite periods, then every period only NE of stage game could be sustained as SPNE
So every period, player plays ( D,R)
D) infinitely repeated game
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