In repeated games:
A) a noncooperative outcome is more likely than in a single-round game.
B) cooperation never happens.
C) a cooperative outcome is more likely than in a single-round game.
D) players always cooperate and enjoy a mutually beneficial equilibrium.

Question

Quizplus · Accepted Answer

In repeated games, players have the opportunity to establish a reputation and build trust through repeated interactions. This can lead to a cooperative outcome being more likely than in a single-round game where there is no expectation of future interactions. However, the possibility of a noncooperative outcome still exists.

In Repeated Games