An infinitely repeated game is a scenario where players repeatedly engage in the same game without a predetermined end. This concept is crucial in understanding long-term interactions in various fields of the social sciences, including economics and international relations.
Examples:
Tit-for-Tat Strategy
Cooperative Start: Players begin with a cooperative action, such as setting a high price.
Reciprocity: A player matches the opponent's previous action, maintaining high prices if the opponent does the same.
Retaliation and Forgiveness: If one player lowers the price in one round, the other follows suit in the next round but returns to a high price in the round after the opponent does the same.
Players realize that mutually maintaining high prices (or other such cooperative actions) yields better long-term benefits compared to the short-term gains available from non-cooperative actions.
In the context of infinitely repeated games, players adopt strategies that maximize long-term benefits, recognizing that mutual cooperation is advantageous.
Besides pricing, this strategy is applicable in environmental agreements where countries agree to reduce emissions, maintaining cooperation to avoid long-term detrimental effects.
Из главы 18:
Now Playing
Game Theory
62 Просмотры
Game Theory
120 Просмотры
Game Theory
143 Просмотры
Game Theory
45 Просмотры
Game Theory
204 Просмотры
Game Theory
38 Просмотры
Game Theory
71 Просмотры
Game Theory
44 Просмотры
Game Theory
40 Просмотры
Game Theory
33 Просмотры
Game Theory
31 Просмотры
Game Theory
26 Просмотры
Game Theory
54 Просмотры
Game Theory
67 Просмотры
Game Theory
36 Просмотры
See More
Авторские права © 2025 MyJoVE Corporation. Все права защищены