Please finish carefully, I will give u a thumb up, Thanks! It can be rational to
ID: 1173601 • Letter: P
Question
Please finish carefully, I will give u a thumb up, Thanks!
It can be rational to play tit-for-tat in a repeated Prisoners' Dilemma game Select one: a. only if the game is played an infinite number of times. b. if the game is played an infinite number of times, or if it is uncertain how many times it will be played O c. only if the game is played a finite number of times, and that number is known by all the players in advance. O d. for n-1 of the n periods it will be played, if n is known in advance. Which of the following conditions, if present, is sufficient to make a game cooperative? Select one: a. Individual payoffs are greater if all players choose the same strategy. b. Players can communicate with each other. O c. Players can negotiate binding contracts committing them to particular strategies. d. The payoff that is highest for all individuals together is also highest for each individual player.Explanation / Answer
Ans. of Qus.1is -b.if the game is played an infinite number of times, or if it is uncertain how many times it will be played.
So,The iterated prisoner's dilemma game is fundamental to some theories of human cooperation and trust. On the assumption that the game can model transactions between two people requiring trust, cooperative behavior in populations may be modeled by a multi-player, iterated, version of the game.
Ans. of Qus.2 is c. Players can negotiate binding contracts committing them to particular strategies.
So,In game theory, a cooperative game (or coalition game) is a game with competition between groups of players ("coalitions") due to the possibility of external enforcement of cooperative behavior (e.g. through contract law). Those are opposed to non-cooperative games in which there is either no possibility to forge alliances or all agreements need to be self-enforcing .