Repeated games with reciprocity tend to reduce the payoffs for both players, as compared to a one-time game with a similar payoff matrix True or False

False

Explanation:

Repeated games tends to increase the payoff for both players because there is an incentive for both players to collude because of the fear for future. Both of them knows if they didnt collude, nash equilibrium will be played further which is less than colluding outcome.