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This video shows how repeated games work. By using the prisoner's dilemma, we analyse how repeated games might have different results depending on whether they have a finite or infinite number of repetitions.
Related videos:
-Subgames: https://www.youtube.com/watch?v=8fCEfbx5ECE
-Nash equilibrium: https://www.youtube.com/watch?v=5Kkz0feflSE
Related articles:
-Nash equilibrium: http://www.policonomics.com/nash-equilibrium/
-Subgames: http://www.policonomics.com/subgame-equilibrium/
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