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supremecritic
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Can a equilibrium change from single period to multi period games?
At the end of golden balls, the equilibrium is to steal, but if the game were repeated multiple times would the equilibrium change
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- Anonymous1 decade agoFavorite Answer
equilibrium of a single game will remain an equilibrium of the repeated game.
In addition, there could be other equilibria where players do not steal.
google "collusion" and "folk theorem"
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