GTO-5-02: Infinitely Repeated Games & Utility
Channel: Game Theory Online
Date: 2013-11-13

When a game is repeated finitely many times, the utility can be defined as the sum of the utilities from each stage game. But how is utility defined when the stage game is repeated infinitely many times?  This video from Game Theory Online (http://www.game-theory-class.org) introduces two ways of modelling utility in infinitely repeated games.  It features Kevin Leyton-Brown (Stanford).