The Persistence of Memory—Repeated Games
Lecture no. 15 from the course: Games People Play: Game Theory in Life, Business, and Beyond
Taught by Professor Scott P. Stevens | 29 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Although the games so far have been simplified examples assuming no previous or subsequent interactions, real-life games generally don't work that way. This lecture uses an iterated game of Prisoner's Dilemma to examine the impact of repeated interactions on determining optimal strategy.