In repeated games:
A)a cooperative outcome is more likely than in a single game.
B)a noncooperative outcome is more likely than in a single game.
C)cooperation never happens.
D)players always cooperate and enjoy a mutually beneficial equilibrium.

Question

Quizplus · Accepted Answer

In repeated games, players have the opportunity to build a reputation and develop trust with each other. This can lead to cooperation and the formation of mutually beneficial outcomes, as each player has an incentive to behave in a way that will benefit them in future rounds of the game. Therefore, a cooperative outcome is more likely than in a single game.

In Repeated Games