Two farmers, Rohit and Harish, graze their animals on a common land. They can choose to use this common resource ‘lightly’ or ‘heavily’ and the resulting strategic interaction may be described as a simultaneous-move game. The payoff matrix is given below:

The minimum value of the discount rate (where the discount rate is less than one) under infinite repetition of the game where the threat strategy (“Graze lightly if the opponent also grazes lightly, whereas, if the opponent reneges then always graze heavily in all the future periods”), is a Sub-game Perfect Nash Equilibrium (SPNE) and, both the farmers graze their animals lightly is _________ (round off to one decimal place).