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

Question

Quizplus · Accepted Answer

When games are repeated, players have the opportunity to learn from each other's strategies and adjust their own accordingly. This can change the effectiveness of certain strategies and incentives. For example, in a repeated prisoner's dilemma game, the strategy of tit-for-tat may be more effective than in a one-time game where there is no opportunity for retaliation. Therefore, strategies and incentives often work quite differently when games are repeated.

Strategies and Incentives