Repeated games with reciprocity tend to reduce the payoffs for both players, as compared to a one-time game with a similar payoff matrix.

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Repeated games with reciprocity often lead to higher payoffs for both players, as they can foster cooperation and trust, leading to outcomes that are better for both parties compared to the one-time game where players might defect for immediate gain.

Repeated Games with Reciprocity Tend to Reduce the Payoffs for Both