Strategies and incentives:
A)often work quite differently when games are repeated.
B)work the same whether games are played once or repeated.
C)do not change when the game is repeated.
D)None of these statements is true.

Question

Quizplus · Accepted Answer

Strategies and incentives can often work differently in repeated games due to the presence of reputational effects and the possibility of future retaliation or cooperation. Players are more likely to take into account the actions and decisions of their opponents in repeated games, which can alter the effectiveness of different strategies and incentives.

Strategies and Incentives