The theory of repeated games occupies a central place in noncooperative game theory as it forms a relatively simple platform from which to study dynamic aspects of strategic interaction. In this paper we attempt a synthesis of the various folk theorems by adpting a point of view which...

We study a model in which two perfectly informed experts offer advice to a decision maker whose actions affect the welfare of all. Experts are biased and thusmay wish to pull the decision maker in different directions and to different degrees. When the decision maker consults only a single...