What is the Folk Theorem?

Charlotte Clark | 2023-06-09 17:33:58 | page views:1299
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Sophia Martinez

Studied at the University of Oxford, Lives in Madrid.
In game theory, folk theorems are a class of theorems about possible Nash equilibrium payoff profiles in repeated games (Friedman 1971). The original Folk Theorem concerned the payoffs of all the Nash equilibria of an infinitely repeated game.
2023-06-13 17:33:58

Charlotte Harris

QuesHub.com delivers expert answers and knowledge to you.
In game theory, folk theorems are a class of theorems about possible Nash equilibrium payoff profiles in repeated games (Friedman 1971). The original Folk Theorem concerned the payoffs of all the Nash equilibria of an infinitely repeated game.
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