Suppose that players know in advance (and this is common knowledge) that the game will be repeated three times only. What is the game’s SPNE (see Section 3.3.2 of Chapter 3)? Outline the critique of...

Suppose that players know in advance (and this is common knowledge) that the game will be repeated three times only. What is the game’s SPNE (see Section 3.3.2 of Chapter 3)?

Outline the critique of SPNE and of sequential equilbrium in the context of problems 5.3 and 5.4 above (see Section 3.5 of Chapter 3).