Homework Answers
In a prisoner's dilemma, there would be no cooperation among the prisoners because both will try receiving a higher payoff.
If this is played multiple times, players know there will be retaliation and hence they cooperate.
However, if the game is played finite number of times, they have an incentive to defect in the last round.
Hence the correct option is
all of the above.
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In prisoners' dilemma cooperation cannot be sustained if the game is played only once. cooperation can...
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