In a finitely repeated game, each player:
A)faces repetition in only some of the player's options.
B)cannot change its choice for a set number of games.
C)faces the same strategic interaction a fixed number of times.
D)can achieve the same outcome regardless of choice for a set number of rounds.

Question

Quizplus · Accepted Answer

In a finitely repeated game, players face the same strategic interaction a fixed number of times, which is the definition of option C. Options A and D describe scenarios that may occur in other types of games, but not necessarily in finitely repeated games. Option B describes a game with a predetermined number of rounds, but it doesn't necessarily mean that players cannot change their choices within those rounds.

In a Finitely Repeated Game, Each Player