Infinitely Repeated Games

URI: https://gptkb.org/entity/Infinitely_Repeated_Games

GPTKB entity

Statements (49)

Predicate	Object
gptkbp:instanceOf	Game Theory Concept
gptkbp:application	gptkb:Collusion_in_Oligopoly Cooperation in Prisoner's Dilemma Enforcement of Social Norms
gptkbp:contrastsWith	gptkb:Finitely_Repeated_Games
gptkbp:defines	A game in which the same stage game is played an infinite number of times by the same players.
gptkbp:feature	Payoffs are typically discounted over time. Strategies can be contingent on the entire history of play. Players observe the history of play before each stage.
gptkbp:field	gptkb:Mathematics gptkb:Game_Theory Economics
gptkbp:form	Discount Factor Equilibrium Path Strategy Profile Payoff Vector
https://www.w3.org/2000/01/rdf-schema#label	Infinitely Repeated Games
gptkbp:keyResult	Folk Theorem describes the set of equilibrium payoffs. Cooperation can be sustained as equilibrium.
gptkbp:relatedTo	gptkb:Nash_Equilibrium gptkb:Repeated_Games gptkb:Subgame_Perfect_Equilibrium gptkb:Folk_Theorem
gptkbp:studiedBy	gptkb:John_Nash gptkb:Robert_Aumann gptkb:Jean-François_Mertens gptkb:Drew_Fudenberg
gptkbp:usedIn	gptkb:Law_and_Economics gptkb:Political_Science gptkb:Sociology gptkb:anthropologist gptkb:artificial_intelligence gptkb:Public_Economics gptkb:International_Relations gptkb:Microeconomics gptkb:Auction_Theory gptkb:Mechanism_Design gptkb:Multi-agent_Systems gptkb:Algorithmic_Game_Theory gptkb:Environmental_Economics gptkb:Contract_Theory Computer Science Operations Research Behavioral Economics Industrial Organization Evolutionary Biology Network Economics
gptkbp:bfsParent	gptkb:Repeated_Games
gptkbp:bfsLayer	7