ok this is the question:
Nike and Reebok (athletic shoe companies) are considering whether or not to advertise during the super bowl. Devise a simple prisoners dilemma game to demonstrate the strategic considerations that are relevent to this decision. Does the repeated game scenario differ from a single period game? is it possible that a repeated (without collusive agreements) could lead to an outcome that is better than a single-period game? Explain the circumstances in which this may be true.
Thankyou!
Nike and Reebok (athletic shoe companies) are considering whether or not to advertise during the super bowl. Devise a simple prisoners dilemma game to demonstrate the strategic considerations that are relevent to this decision. Does the repeated game scenario differ from a single period game? is it possible that a repeated (without collusive agreements) could lead to an outcome that is better than a single-period game? Explain the circumstances in which this may be true.
Thankyou!