On the dispensability of public randomization in discounted repeated games (Q2640470): Difference between revisions
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Property / cites work: A Non-cooperative Equilibrium for Supergames / rank | |||
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Property / cites work: The Folk Theorem in Repeated Games with Discounting or with Incomplete Information / rank | |||
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Property / cites work: Nash and perfect equilibria of discounted repeated games / rank | |||
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Property / cites work: Equilibrium in supergames with the overtaking criterion / rank | |||
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Property / cites work: On Repeated Games with Complete Information / rank | |||
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Latest revision as of 14:31, 21 June 2024
scientific article
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English | On the dispensability of public randomization in discounted repeated games |
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On the dispensability of public randomization in discounted repeated games (English)
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1991
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We show that any feasible, individually rational payoffs of an infinitely repeated game can arise as subgame perfect equilibrium payoffs if the discount factor is close enough to one even if mixed strategies are not observable and public randomizations are not available.
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folk theorem
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subgame perfect equilibrium
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public randomizations
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