Nash Equilibrium of Repeated Games | Game Theory Struggle | Prisoner's Dilemma

Game Theory Struggle | Nash Equilibrium of Repeated Games| Prisoner's Dilemma: In this video I go over how to approach repeated games using the Prisoner's Dilemma. I talk about having both a finite and infinite number of rounds, as well as what a time discount factor or stochastic discount factor is and why it matters. Timestamps: 0:00 - Intro to Repeated Games 1:22 - Stage Game / "Extensive Form" of a Repeated Game 3:33 - Time Discount Factor / Stochastic Discount Factor 5:57 - Nash Equilibrium of Finitely-Repeated Prisoner's Dilemma 8:19 - Nash Equilibrium of Infinitely-Repeated Prisoner's Dilemma #economics #gametheory #microeconomics