How can cooperation emerge in the infinitely repeated prisoners' dilemma game even though in a single shot

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How can cooperation emerge in the infinitely repeated prisoners' dilemma game even though in a single shot prisoners' dilemma, noncooperation is a dominant strategy?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:05 AM

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How can cooperation emerge in the infinitely repeated prisoners' dilemma game even though in a single shot

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In the repeated prisoners dilemma game the players might in equilibrium play cooperatively This co...View the full answer

Microeconomics

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