Statements (22)
Predicate | Object |
---|---|
gptkbp:instanceOf |
gptkb:mathematical_concept
|
gptkbp:appliesTo |
repeated games
|
gptkbp:assumes |
perfect monitoring
|
gptkbp:describes |
possible equilibrium payoffs in repeated games
|
gptkbp:field |
game theory
|
gptkbp:firstFormalizedBy |
gptkb:Robert_Aumann
James Friedman |
gptkbp:generalizes |
imperfect monitoring Folk Theorem
|
gptkbp:hasVariant |
Aumann's Folk Theorem
Friedman's Folk Theorem |
https://www.w3.org/2000/01/rdf-schema#label |
Folk Theorem
|
gptkbp:namedBecause |
result was known informally before formal proof
|
gptkbp:relatedTo |
gptkb:Nash_equilibrium
gptkb:prisoner's_dilemma subgame perfect equilibrium |
gptkbp:requires |
players are sufficiently patient
|
gptkbp:state |
any feasible and individually rational payoff can be sustained as a Nash equilibrium in infinitely repeated games
|
gptkbp:usedIn |
gptkb:economic_policy
evolutionary biology political science |
gptkbp:bfsParent |
gptkb:Repeated_Games
|
gptkbp:bfsLayer |
7
|