Answer to Question #228240 in Macroeconomics for Dini

Question

Consider the following game. Suppose that players play simultaneously over many periods. In each period, each player best responds to the action played by the opponent the period before.       

                                  L        M        R
                        U        0,0       4,5      5,4
                        M        5,4       0,0      4,5
                        D        4,5       5,4      0,0

Assume that in period 1, players start with the strategy profile (M, L). Describe playing in the next 7 periods. Does a pattern emerge?

Answer 1

Yes