Advanced Microeconomics/Repeated Games
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