Cooperative equilibriums:
A) are impossible to reach in real life.
B) never occur unless players act in their own self-interest.
C) never result in positive-positive outcomes.
D) can arise if a game is repeated.

Question

Quizplus · Accepted Answer

Cooperative equilibriums can arise if a game is repeated. In a repeated game, players have the opportunity to establish a reputation and continue to cooperate to achieve a positive outcome. However, in a one-shot game, it is unlikely for cooperative equilibrium to occur as players may prioritize their individual interests over cooperation.

Cooperative Equilibriums