Use the table below to answer questions 5-7.Assume it's a simultaneous-move game.

-If the game is played for 10 years,the Nash equilibrium will be

Question

Use the table below to answer questions 5-7.Assume it's a simultaneous-move game.
 
-If the game is played for 10 years,the Nash equilibrium will be

Quizplus · Accepted Answer

In a repeated game, the Nash equilibrium is often for both players to cooperate. This is because if one player defects, the other player will retaliate in future rounds, making it unprofitable to defect in the long run. In this case, the Nash equilibrium is for both players to choose "Low", as this will maximize their payoffs over the long term.

Use the Table Below to Answer Questions 5-7