CFDP 607

Some Remarks on the Folk Theorem in Game Theory

Author(s): 

Publication Date: October 1981

Pages: 17

Abstract: 

It is argued that although the pathological multiplicity of Nash equilibria of super games stated by the folk theorem can be removed by introducing limited observations into super games with a continuum of players, the consideration of super games in terms of the Nash equilibrium concept involves a more fundamental and conceptual difficulty.

See CFP: 562