Which of the following statements about repeated games is true?
A)Players no longer need commitment strategies to reach a mutually beneficial equilibrium.
B)Players will never reach a mutually beneficial equilibrium.
C)There are no dominant strategies.
D)Only negative-negative outcomes are possible.

Question

Quizplus · Accepted Answer

In repeated games, players can use commitment strategies to reach a mutually beneficial equilibrium by cooperating in each round, based on the expectation of future interactions. This contrasts with one-shot games, where the lack of future interactions may lead to non-cooperative outcomes.

Which of the Following Statements About Repeated Games Is True