Thank you so much for the video. I do have one question if that is alright. For instance if there is the same C vs D situation, where (C,C) is still (3,3) but (D,C) is now (10,4) instead of (10,0), do we still get 10+bx1+b^2x1+b^3x1...= 10+b/(1-b) with the 4 not changing this deviation sequence? In other words does the next Cooperate value being 0 or 4 have any significance on the equation? Do hope it makes sense. Please if you can clear this up would really help. Thank you again.
Very clear explanation! Thank you
Can someone explain how the series in 8:10 converges to 3/1-B?
en.wikipedia.org/wiki/Geometric_series#Proof_of_convergence
summation of a GP series = a /1 - r , ( a= ist term and r = ratio)
Great video. Thanks!
Thank you so much for the video. I do have one question if that is alright. For instance if there is the same C vs D situation, where (C,C) is still (3,3) but (D,C) is now (10,4) instead of (10,0), do we still get 10+bx1+b^2x1+b^3x1...= 10+b/(1-b) with the 4 not changing this deviation sequence? In other words does the next Cooperate value being 0 or 4 have any significance on the equation? Do hope it makes sense. Please if you can clear this up would really help. Thank you again.