In an finitely repeated prisoners' dilemma-type game (with a known finite
number of repetitions), the equilibrium outcome is
(A) players randomizing.
(B) players taking turns getting punished.
(C) cooperative behaviour.
(D) one player confessing while the other does not.
(E) both players confessing.
I can think of some prisoner dilemma outcome sets that would lead to cooperative behavior C). But I think the most likely outcome in a more traditiona prisoner dilemma game is E) Both players, interested in their themselves, will rat out the other by confessing. Further, cooperative behavior may not be stable; as soon as one player "cheats" on the agreement, that player can no longer be trusted -- leading to scenario E)
