GTO-5-05: Equilibria of Infinitely Repeated Games
Channel: Game Theory Online
Date: 2013-11-13

In general, an infinitely repeated game will have infinitely many equilibria.  This video from Game Theory Online (http://www.game-theory-class.org) introduces the Folk Theorem, one of the main tools for characterizing the equilibria of a repeated game, and proves the theorem for the case of average rewards.  It features Kevin Leyton-Brown (UBC).