Advanced Microeconomics/Repeated Games

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Repeated Games[edit]

In a repeated game players (I=\{1,2,\dots,n\}) interact over  T \leq \infin periods. Each period represents a single iteration of the (simultaneous-move) stage game \Gamma in which each player selects a strategy s_i \in S_i=\{s_i^1,s_i^2\dots\}.

Strategies in Repeated Games[edit]

Nash Reversion[edit]

Folk (general feasibility) Theorems[edit]

The multiplicity of strategy profiles made possible by repeated interaction translates to a wide variety of