Author Question: The general message of the folk theorems is: a. Nash equilibria may not be sustainable over many ... (Read 26 times)

Tirant22 · **on:** Jul 1, 2018

The general message of the folk theorems is:
a. Nash equilibria may not be sustainable over many replications of a game.
b. payoffs that are unambiguously preferred to Nash equilibria may be sustainable over many replications of a game.
c. credible threats may inhibit the achievement of mutually beneficial outcomes over many replications of a game.
d. just plain folk play the best games.

Question 2

In a zero-sum game
a. all players receive a 0 payoff
b. all players can simultaneously win
c. the gains to the winners equal the losses of the losers
d. none of the above