folk theorem

GPTKB entity

Statements (20)
Predicate Object
gptkbp:instanceOf gptkb:mathematical_concept
gptkbp:appliesTo repeated games
gptkbp:assumes perfect monitoring
players are patient (high discount factor)
gptkbp:field game theory
gptkbp:formedBy 1970s
gptkbp:generalizes Nash equilibrium in repeated games
gptkbp:hasVariant gptkb:folk_theorem_with_imperfect_private_monitoring
gptkb:folk_theorem_with_imperfect_public_monitoring
https://www.w3.org/2000/01/rdf-schema#label folk theorem
gptkbp:namedAfter folk (as in 'folklore')
gptkbp:relatedTo gptkb:Nash_equilibrium
gptkb:prisoner's_dilemma
subgame perfect equilibrium
gptkbp:state in infinitely repeated games, a wide range of payoff profiles can be sustained as Nash equilibria
gptkbp:usedIn gptkb:economic_policy
evolutionary biology
political science
gptkbp:bfsParent gptkb:Game_theory
gptkbp:bfsLayer 5