Albert, Max; Kliemt, Hartmut - 2017
economics. We develop a concept of approximate explanation based on the "method of decreasing abstraction", that is, the … extend to the folk theorems for infinitely repeated games, which are used widely in applied economics (e.g., in industrial … economics) and beyond (e.g., spontaneous emergence of social order). Explanations based on these theorems are rejected by our …