In games with a Prisoners' Dilemma structure, we are often able to show cooperation emerging where the game is played repeatedly. We can explain this by assuming that A) Players enjoy being able to cooperate and so prefer not to defect. B) Players in such games expect that defection from the cooperative outcome will be punished in future C) Players can observe each others' actions, and so learn to trust them. D) Players are able to demonstrate that they are altruistic, and so cooperation is sustained.
In games with a Prisoners' Dilemma structure, we are often able to show cooperation emerging where the game is played repeatedly. We can explain this by assuming that A) Players enjoy being able to cooperate and so prefer not to defect. B) Players in such games expect that defection from the cooperative outcome will be punished in future C) Players can observe each others' actions, and so learn to trust them. D) Players are able to demonstrate that they are altruistic, and so cooperation is sustained.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In games with a Prisoners' Dilemma structure, we are often able to show cooperation emerging where the game is played repeatedly. We can explain this by assuming that
A) Players enjoy being able to cooperate and so prefer not to defect.
B) Players in such games expect that defection from the cooperative outcome will be punished in future
C) Players can observe each others' actions, and so learn to trust them.
D) Players are able to demonstrate that they are altruistic, and so cooperation is sustained.
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