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

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In a multi-period game, the possibility of future retaliation or reward can encourage cooperation, reducing the likelihood of a prisoners' dilemma outcome compared to a single-period game where such future interactions are not a factor.

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