In a repeated game, punishments that result in heavy damages are an incentive for players to adopt the strategies that result in a _ equilibrium.
A) strategic
B) cooperative
C) winner- share- all
D) contestable

Question

Quizplus · Accepted Answer

In a repeated game, punishments that result in heavy damages incentivize players to cooperate with each other to avoid these punishments, leading to a cooperative equilibrium where players work together to achieve mutual benefits.

In a Repeated Game, Punishments That Result in Heavy Damages