Table 17-8
This table shows the payoffs for a game played between two players, A and B.

-In a prisoners' dilemma game,
A)the solution when playing the game once will be the same as the solution when the players play the game repeatedly, since agreements cannot be maintained in a prisoners' dilemma.
B)if the players play the game repeatedly, the players can achieve a higher payoff, on average, than when they play the game only once.
C)repeated play will result in a worse outcome for both players than when the game is played only once.
D)the tit-for-tat strategy in repeated play requires players to always select the opposite strategy as their opponent.

Question

Table 17-8
This table shows the payoffs for a game played between two players, A and B.
 
-In a prisoners' dilemma game,
A)the solution when playing the game once will be the same as the solution when the players play the game repeatedly, since agreements cannot be maintained in a prisoners' dilemma. 
B)if the players play the game repeatedly, the players can achieve a higher payoff, on average, than when they play the game only once. 
C)repeated play will result in a worse outcome for both players than when the game is played only once. 
D)the tit-for-tat strategy in repeated play requires players to always select the opposite strategy as their opponent.

Quizplus · Accepted Answer

In a repeated prisoners' dilemma game, players have the opportunity to establish trust and cooperation over multiple rounds, leading to potentially higher payoffs than in a single playthrough, where the dominant strategy typically leads to a suboptimal Nash equilibrium.

Table 17-8 This Table Shows the Payoffs for a Game Played Between