"In many real-world situations, cooperation may be easier to sustain in a long-term relationship than in a single encounter. Analyses of short-run games are, thus, often too restrictive. Robert Aumann was the first to conduct a full-fledged formal analysis of so-called infinitely repeated games. His research identified exactly what outcomes can be upheld over time in long-run relations."
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Jews from IsraelNobel laureates in EconomicsAcademics from IsraelEconomists from IsraelMathematicians from Israel
Original Language: English
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"Nobel Prize 2005 Press Release" 10 October 2005
https://en.wikiquote.org/wiki/Robert_Aumann
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Robert Aumann
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