Reputation Effects ·
The Shadow of the Future
un
seel
.com · folk theorem · δ ≥ (T−R)/(T−P)
δ
0.85
Stage
—
Beat
—
Cooperate stream (R = 3)
Defect once + punish (T then P)
Discounted by δ^t
Threshold δ*
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.com · Reputation Effects