Tag Archives: Backwards

What do you predict will happen if they play with N = 1000 a second time?

Part 2 Backwards Induction Sarah and Mark play the repeated Prisoner’s Dilemma for exactly N periods. Explain why the subgame perfect equilibrium is for both to defect every period whatever the value of When Sarah and Mark play this game with N = 2 they play the subgame perfect However, when they play with N […]