Title

Some Remarks on the Folk Theorem in Game Theory

Authors

Mamoru Kaneko

Document Type

Discussion Paper

Publication Date

10-1-1981

CFDP Number

607

CFDP 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.

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