Consider a repeated game in which the following stage game is repeated 2 times. Total payoff = undiscounted sum of payoffs from all stages. Player 1 L 7,3 7,7 15,7 R 3,5 1.11 5,9 The lowest total payoff that player 1 can get in this repeated game is: U M D Player 2 C 11,7 7,9 7,11

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Consider a repeated game in which the following stage game is repeated 2 times. Total payoff =
undiscounted sum of payoffs from all stages.
Player 1
U
M
D
L
7,3
7,7
15,7
Player 2
C
11,7
7,9
7, 11
R
3,5
1, 11
5,9
The lowest total payoff that player 1 can get in this repeated game is:
Transcribed Image Text:Consider a repeated game in which the following stage game is repeated 2 times. Total payoff = undiscounted sum of payoffs from all stages. Player 1 U M D L 7,3 7,7 15,7 Player 2 C 11,7 7,9 7, 11 R 3,5 1, 11 5,9 The lowest total payoff that player 1 can get in this repeated game is:
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