In repeated games:
A) players no longer need commitment strategies to reach a mutually beneficial equilibrium.
B) players will never reach a mutually beneficial equilibrium.
C) there are no dominant strategies.
D) negative-negative outcomes are the only outcomes possible.

Question

Quizplus · Accepted Answer

In repeated games, players can use repeated interaction to build trust and develop cooperation. They can use punishments and rewards to incentivize the other player to cooperate in the future, even if it may not be the best choice in the short term. This allows for the possibility of reaching a mutually beneficial equilibrium without needing to rely solely on commitment strategies.

In Repeated Games