Equilibrium in a repeated one-stage game
A) Requires cooperation
B) Does not require cooperation
C) Can only be found if the game is finite
D) Can only be found if the game is infinite

Question

Quizplus · Accepted Answer

Equilibrium in a repeated one-stage game can be found without the need for cooperation between players. It is possible to reach a state where both players choose the same strategy all the time and neither has an incentive to deviate from that strategy. This is known as a Nash equilibrium and does not require any communication or cooperation between players. The finiteness or infiniteness of the game does not affect the existence of a Nash equilibrium.

Equilibrium in a Repeated One-Stage Game