Econ 223: Introduction to Game Theory, Lecture 25 and 26 , Monday May 23 2011
a finte (twice) repeated game (Based on Watson....)
first graph: the basic "tree"
secon graph: payoffs in the repeated game (sums of payoffs from relevant, isolated, stage games):
The repeated prisoner's dilemma (finite and infinite/indefinite versions)
Payoffs with repeated interaction- the idea of weighted sums and discounting
Many Many Nash equilibria ...the Folk Theorem
Reputations Credibility and Trust:
