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Game Theory Struggle | Expand your infinite repeated game toolbox:
In this video I talk about common strategies encountered in questions for Infinitely Repeated Subgame Nash Equilibrium and Infinitely Repeated Bayesian Nash Equilibrium. I talk about how to use each strategy and I review commonly asked questions involving each strategy.
Timestamps:
0:00 - Goal of the Video
1:15 - Prisoner's Dilemma Grim Trigger
4:50 - Prisoner's Dilemma Grim Trigger Forgiveness
6:15 - Now You Try: Prisoner's Dilemma Tit for Tat
6:55 - Take it or Leave it: Simple BNE
8:20 - Take it or Leave it: Challenging BNE
10:24 - Pet the Angry Cat: Group-size dependent BNE