A repeated game is a game where a player:
A)faces the remaining options over and over, even though the player has already chosen an option.
B)cannot progress in profit or size but will remain in the same situation regardless of the player's choices.
C)faces the same options regardless of changing rivals.
D)faces the same strategic interaction with the same rivals and the same payoffs in successive periods.

Question

Quizplus · Accepted Answer

A repeated game involves facing the same strategic interaction with the same rivals and the same payoffs in successive periods. This is the definition of a repeated game and option D describes it accurately. Option A describes a Markov process, Option B describes a static game, and Option C describes a simultaneous move game.

A Repeated Game Is a Game Where a Player