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A folk theorem for endogenous reference points

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  • Bernard, Mark

Abstract

We establish a folk theorem for infinitely repeated game protocols with players whose preferences exhibit backward-looking reference dependence.

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  • Bernard, Mark, 2011. "A folk theorem for endogenous reference points," Economics Letters, Elsevier, vol. 112(3), pages 223-225, September.
    • Handle: RePEc:eee:ecolet:v:112:y:2011:i:3:p:223-225
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    References listed on IDEAS

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    1. Jörgen W. Weibull, 2004. "Testing Game Theory," Palgrave Macmillan Books, in: Steffen Huck (ed.), Advances in Understanding Strategic Behaviour, chapter 6, pages 85-104, Palgrave Macmillan.
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    5. Drew Fudenberg & Eric Maskin, 2008. "The Folk Theorem In Repeated Games With Discounting Or With Incomplete Information," World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 11, pages 209-230, World Scientific Publishing Co. Pte. Ltd..
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    7. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    8. Friedman, James W, 1990. "A Modification of the Folk Theorem to Apply to Time-Dependent Supergames," Oxford Economic Papers, Oxford University Press, vol. 42(2), pages 317-335, April.
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