Eco514 Game Theory Lecture 12: Repeated Games(1) Marciano Siniscalchi October 26, 1999 Introduction [By and large, I will follow OR, Chap. 8, so I will keep these notes to a minimum.] The theory of repeated games is double-edged sword. On one hand, it indicates how payoff profiles that are not consistent with Nash equilibrium in a simultaneous-move game might be achieved when the latter is played repeatedly, in a manner consistent with Nash or
I. Explain the italicized words or phrases in the following sentences. (20%) 1. Ancient girders creak and groan, ropes tighten and then a trickle of oil oozes down a stone runnel into a used petrol can
Slide 17.5.1 Streams-a different way of structuring Now, let's look at one example in which changing the computation evaluation model allows us to explore a very different kind of computational problem. Our goal is to show how a smal
The role of abstractions In this lecture, we are going to look at a very different style of creating large systems, a style called object oriented programming. This style focuses on breaking systems up in a different manner than those we have seen before To set the stage for this, we are first going to return to the notion of