Consider an infinitely repeated game in which the following game is played in every stage Players discount future payoffs with a factor of 8 Player 1 Fight Hug Player 2 Fight Hug 8,8 40, 14 14,40 30, 30 If we want players to play (Hug, Hug) in every stage of a subgame perfect equilibrium outcome, ...

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Consider an infinitely repeated game in which the following game is played in every stage. Players...

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Microeconomics An Intuitive Approach with Calculus

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Authors: Thomas Nechyba

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Consider an infinitely repeated game in which the following game is played in every stage. Players...

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Microeconomics An Intuitive Approach with Calculus

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