How can a finitely repeated game be solved?
A)The player can coordinate with the other player.
B)The player can choose to be the second mover.
C)The player can look forward and reason backward.
D)The player can always charge a low price.

Question

Quizplus · Accepted Answer

Finitely repeated games can be solved by looking forward to future rounds and reasoning backward to make an optimal decision in each round. This technique is also known as backward induction. Coordinating with the other player or choosing to be the second mover may not always guarantee the best outcome, and charging a low price may not be relevant for all types of games.

How Can a Finitely Repeated Game Be Solved