Which of the following statements about outcomes in repeated games is true?
A)A noncooperative outcome is more likely to occur in a repeated game than in a one-time game.
B)Cooperative outcomes never occur in repeated games.
C)A cooperative outcome is more likely to occur in a repeated game than in a one-time game.
D)Players always cooperate and enjoy a mutually beneficial equilibrium.

Question

Quizplus · Accepted Answer

Cooperative outcomes are more likely in repeated games because players have the opportunity to enforce agreements over time through strategies like tit-for-tat, where cooperation in one round leads to cooperation in the next. This contrasts with one-time games, where there is no future interaction to incentivize cooperation.

Which of the Following Statements About Outcomes in Repeated Games