Cooperation between players in a finitely repeated game is difficult to maintain. Why is this the case? Group of answer choices Each player has an incentive to deviate from the cooperative strategy during the last period of the game. A Nash equilibrium is not possible in finite repeated games. Finite games only work if there are more than 20 periods. Both players are likely to be discovered by the authorities before the end of the game.
Cooperation between players in a finitely repeated game is difficult to maintain. Why is this the case? Group of answer choices Each player has an incentive to deviate from the cooperative strategy during the last period of the game. A Nash equilibrium is not possible in finite repeated games. Finite games only work if there are more than 20 periods. Both players are likely to be discovered by the authorities before the end of the game.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Cooperation between players in a finitely repeated game is difficult to maintain. Why is this the case?
Group of answer choices
Each player has an incentive to deviate from the cooperative strategy during the last period of the game.
A Nash equilibrium is not possible in finite repeated games.
Finite games only work if there are more than 20 periods.
Both players are likely to be discovered by the authorities before the end of the game.
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