Advanced Microeconomics/Repeated Games

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Repeated Games[edit | edit source]

In a repeated game players interact over periods. Each period represents a single iteration of the (simultaneous-move) stage game in which each player selects a strategy .

Strategies in Repeated Games[edit | edit source]

Nash Reversion[edit | edit source]

Folk (general feasibility) Theorems[edit | edit source]

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