A key difference between a one-shot game and a repeated game is that:
A)the repeated game allows the player to use a mixed strategy.
B)in the repeated game,each player's objective is to get the highest possible payoff with the first move.
C)the repeated game gives the players opportunities for cooperation.
D)in a one-shot game,a player's reputation might be important in influencing the other's action.
E)in a repeated game,players usually take independent actions.

Question

Quizplus · Accepted Answer

In a repeated game, players have multiple rounds to interact and make decisions. This provides opportunities for players to develop a reputation, communicate, and potentially cooperate for mutual benefit. In contrast, a one-shot game is played only once, leaving no opportunity for repeated interactions or building a reputation. Options A, B, D, and E do not differentiate between the two types of games.

A Key Difference Between a One-Shot Game and a Repeated