Question: Suppose Cheat - Coop 1i (Coop - N), where Cheat is the maximum one-shot payoff if the player cheats, Coop is the cooperative, one-shot payoff,

Suppose Cheat - Coop 1i (Coop - N), where Cheat is the maximum one-shot payoff if the player cheats, Coop is the cooperative, one-shot payoff, N is the one-shot Nash equilibrium payoff, and "i" is the interest rate. What does the right-hand side of the equation represent? Multiple choice question. The future value of what is given up in the future by cheating in the present. The present value of what is given up in the future by cheating in the present. The present value of what is given up in the future by cheating in the future

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