Aramendia, Miguel; Ruiz, Luis; Wen, Quan - In: Contributions to Theoretical Economics 8 (2008) 1, pp. 1440-1440
In repeated games, equilibrium often requires that any deviation be punished in the continuation, regardless of whether it is beneficial to the other players. It seems against the nature of non-cooperative game theory for the other players to decide what to do based on what one player did,...