Question

If a Prisoner’s dilemma game is repeated exactly 100 times, what does game theory predict will happen?

Answer 1

If both players know that game will be played 100 times then also there will be no change in output or nash equilibrium will be played each 100 times because of backward induction.

Both pkayer will have expectation that at last time, both player will cheat and thu at 99th times, player knows both will cheat in 100 time then they have an incentive to cheat even in 99turn and this keeps on going on till 1st time and nash equilibrium will be played in every 100 times.