Some Remarks on the Folk Theorem in Game Theory
Mamoru Kaneko ()
No 607, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University
Abstract:
It is argued that although the pathological multiplicity of Nash equilibria of super games stated by the folk theorem can be removed by introducing limited observations into super games with a continuum of players, the consideration of super games in terms of the Nash equilibrium concept involves a more fundamental and conceptual difficulty.
Pages: 17 pages
Date: 1981-10
Note: CFP 562.
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Published in Mathematical Social Sciences (1982), 3: 281-290
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