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Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691 Exercise 7
Explain, for a repeated game:
a. Why it may be advantageous to have the reputation of being a tough guy who always takes revenge against anyone who harms your interests
b. Why it may be advantageous to have a reputation of irrationality
a. Why it may be advantageous to have the reputation of being a tough guy who always takes revenge against anyone who harms your interests
b. Why it may be advantageous to have a reputation of irrationality
Explanation
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(a) People would play safe with one toug...
Economics 12th Edition by William Baumol, Alan S Blinder
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