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Homework answers / question archive / 4
4. Consider the prisoners' dilemma discussed in the clips, Player 2 ? D ? 5,5 0,10 Player I D 10,0 2,2 (a) Suppose the stage game above is repeated infinitely many times. Is there any SPNE in which players play (C,D) in period 0 and in every even-numbered period, and (D,C) in period 1 and in every odd-numbered period? If yes, find it and argue it is an equilibrium. If not, explain why not.
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