A repeated game with either a known or an uncertain end period is an):
A) game tree
B) finitely repeated game
C) one shot game
D) infinitely repeated game
E) none of the above

Question

Quizplus · Accepted Answer

A finitely repeated game involves a known number of repetitions of the same one-shot game. The end period is known and finite, and the players can use strategies that take into account the expected behavior of their opponent over time. An infinitely repeated game involves an unknown or uncertain end period, which can lead to different strategies and outcomes. A game tree is a graphical representation of a game that shows the possible decisions and payoffs for each player. A one-shot game is a game where players make a decision only once, with no opportunity to change their decision based on their opponent's actions.

A Repeated Game with Either a Known or an Uncertain