| More
on repetition |
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| • | Consider
the 2-person PD with generic payoffs |
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| • | Slide
#6: (b-c, b-c), (-c, b), (b,
-c), (0, 0) |
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| • | Suppose
that after each play of the game, players |
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| play
another round with probability p. |
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| – | Substance: |
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| • | the
greater is p, the greater is your time horizon |
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| • | p
is a measure of patience |
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| • | Suppose
you know the other player is playing TFT |
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| • | Then
cooperation is the optimal strategy and only |
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| if |
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