The Folk Theorem explains that in an infinitely repeated game, any outcome in which each player receives at least their security pay-off can be an equilibrium. It is a fundamental result in game theory that was accepted informally before a formal proof was established.
An in-depth examination of punishment strategies in repeated games, focusing on their role in securing cooperative outcomes, the mechanics behind them, historical context, and key examples like the Prisoner's Dilemma.
Tit for Tat is a strategy for playing a repeated game, founded on the principle of retaliation. It has proved very successful in contests between different strategies.
A comprehensive guide to understanding Trigger Strategy in the context of non-cooperative repeated games.
