Economics Seminar: Bounded Memory Folk Theorem
- When?
- Wednesday 6 February 2013, 16:00 to 17:30
- Where?
- 40AD00
- Open to:
- Alumni, Public, Staff, Students
- Speaker:
- Guilherme Carmona
Prof. Guilherme Carmona (University of Surrey)
"Bounded Memory Folk Theorem"
Abstract
We show that the Folk Theorem holds for n-player discounted repeated game with bounded-memory pure strategies. Our result requires each player's payoff to be strictly above the pure minmax payoff but requires neither time-dependent strategies, nor public randomization, nor communication.