Explain how you would formulate a strategy for playing the paper–rock– scissors game on a repeated…
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1. Explain how you would formulate a strategy for playing the paper–rock– scissors game on a repeated basis.
2. Explain why it makes a difference in a repeated game if the end of the game can be foreseen.
3. Explain why in ultimatum bargaining games the result is often a fifty–fifty split between the players. Does this contradict the predictions of game theory?
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