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The Folk theorem suggests that a. the one-shot Nash equilibrium will be the only sub-game perfect equilibrium b. in an infinitely repeated game, any equilibrium
The Folk theorem suggests that
a.
the one-shot Nash equilibrium will be the only sub-game perfect equilibrium
b.
in an infinitely repeated game, any equilibrium can be supported as a sub-game perfect equilibrium regardless of the discount factor
c.
payoffs superior to the one-shot game can be supported as sub-game perfect equilibria in an infinite game if the discount factor is close to one
d.
in a finitely repeated game, any equilibrium can be supported as a sub-game perfect equilibrium regardless of the discount factor
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