Some Remarks on the Folk Theorem in Game Theory

It is argued that although the pathological multiplicity of Nash equilibria of super games stated by the folk theorem can be removed by introducing limited observations into super games with a continuum of players, the consideration of super games in terms of the Nash equilibrium concept involves a more fundamental and conceptual difficulty.

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Year of publication:	1981-10
Authors:	Kaneko, Mamoru
Institutions:	Cowles Foundation for Research in Economics, Yale University

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	CFP 562. Published in Mathematical Social Sciences (1982), 3: 281-290 The price is None Number 607 17 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005593288