A "prisoners' dilemma" situation in which a failure to cooperate leaves both parties worse off is as likely in a multi-period game as in a single-period game.

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In a multi-period game, players may cooperate to avoid mutual defection, anticipating future interactions and potential retaliation, unlike in a single-period game where such considerations are absent.

A "Prisoners' Dilemma" Situation in Which a Failure to Cooperate