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Folk theorem (game theory)
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Folk theorem (game theory) - Wikipedia Jump to content From Wikipedia, the free encyclopedia Class of theorems about Nash equilibrium payoff profiles in repeated games For other uses, see Folk theorem (disambiguation) . In game theory , folk theorems are a class of theorems describing an abundance of Nash equilibrium payoff profiles in repeated games ( Friedman 1971 ) . [ 1 ] The original Folk Theorem concerned the payoffs of all the Nash equilibria of an infinitely repeated game. This result was called the Folk Theorem because it was widely known among game theorists in the 1950s, even though
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