Question

1. The chance of a cooperative outcome in a game is reduced if

           a) the one-time gain from cheating is significant compared to the cost of cheating

           b) player interaction is not frequent

           c) players are impatient

          d) all of the above

Answer 1

Thechance of a cooperative otcome in a game is reduced if one of the player tends to gain from cheating where the gain from cheating is more important than the cost of it to him.Also lack of communication among the players will cause a uncertainity regarding loyalty of the other player thereby inducing the player to go for th dominant strategy that might reduce the chances of cooperative outcome that is a joint profit .And according to the folk theorem if players are sufficiently patient, then desirable outcomes that would not occur, if players were impatient,can be sustained through the use of trigger strategies.

Hence answer to the above question is option (d) all of the above.