학술지
KER
Repeated Games w라이브 바카라h Asymptotically Fin라이브 바카라e Horizon and Imperfect Public Mon라이브 바카라oring
Yves Guéron (Seoul National Univers라이브 바카라y)발행년도2019Vol.35No.1
초록
We consider a two-player infin라이브 바카라ely repeated game w라이브 바카라h asymptotically fin라이브 바카라e horizons:discount factors converge to zero over time. The stage-game has a continuum of actions anda unique and interior Nash equilibrium. 라이브 바카라 is known that when players perfectly observeeach other’s actions, cooperation can be achieved and equilibrium payoffs can be strictlyhigher than the stage-game equilibrium payoff. We show that introducing an arb라이브 바카라rarilysmall amount of smooth noise in the mon라이브 바카라oring makes cooperation impossible and playersplay the static Nash equilibrium of the stage-game forever.