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If One-Time Gains from Defection Are Always Less Than the Discounted

Question 7

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If one-time gains from defection are always less than the discounted present value of an infinite time stream of cooperative payoffs at some given discount rate,the decision-makers have escaped


A) the Folk Theorem
B) the law of large numbers
C) the Prisoner's dilemma
D) the paradox of large numbers
E) the strategy of recusal

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