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What is the minimum discount rate for which (Grim, Grim) is an equilibrium?

5 Basic Game Theory Questions Suppose the first player plays Tit for Tat nicely – starting with C. The second player plays nasty Tit for Tat – that is, starts at D. What would the first seven pairs of moves be? Could there be any reason that the first player would start with C knowing […]

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