The General Message of the Folk Theorems Is That

question 17

Multiple Choice

The general message of the folk theorems is that

• 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.

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Definitions:

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A research method in sociology and anthropology in which the researcher immerses themselves in the community being studied to observe behaviors and interactions firsthand.

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