A robust folk theorem for the repeated prisoner's dilemma

Ely, Jeffrey C. and Välimäki, Juuso (2002) A robust folk theorem for the repeated prisoner's dilemma Journal of Economic Theory, 102, (1), pp. 84-105. (doi:10.1006/jeth.2000.2774).


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We prove the folk theorem for the Prisoner's dilemma using strategies that are robust to private monitoring. From this follows a limit folk theorem: when players are patient and monitoring is sufficiently accurate, (but private and possibly independent) any feasible individually rational payoff can be obtained in sequential equilibrium. The strategies used can be implemented by finite (randomizing) automata. Journal of Economic Literature Classification Numbers: C72, C73, D82.

Item Type: Article
Digital Object Identifier (DOI): doi:10.1006/jeth.2000.2774
ISSNs: 0022-0531 (print)
ePrint ID: 33053
Date :
Date Event
Date Deposited: 15 May 2006
Last Modified: 16 Apr 2017 22:18
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/33053

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