Prisoner’s Dilemma game
Question Suppose that two players play an infinite-horizon Prisoner’s Dilemma game, with discount factor δ > 0. The payoffs during each stage of the game are given below Player 1 has two strategies: {C,D) and Player 2 has two strategies (C,D) (C,C) = (1,1), (C,D) = (-4,4), (D,C) = (4. -4) and (D,D) = (0,0) […]