The theory of repeated games is able to account for phenomena such as altruism, cooperation, trust, loyalty, revenge, threats (self-destructive or ot… - Robert Aumann

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The theory of repeated games is able to account for phenomena such as altruism, cooperation, trust, loyalty, revenge, threats (self-destructive or otherwise) – phenomena that may at first seem irrational – in terms of the “selfish” utility-maximizing paradigm of game theory and neoclassical economics.

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About Robert Aumann

Robert Aumann (born 1930, in Frankfurt,Germany) is an Israeli mathematician, Professor Emeritus at the Hebrew University of Jerusalem, who won the 2005 Nobel Memorial Prize in Economic Sciences.

Also Known As

Native Name: ישראל אומן
Alternative Names: R. Aumann Robert John Aumann Robert J Aumann Yisrael Aumann R.J. Aumann

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The strong equilibrium point f just described is one of "unrelenting ferocity" against offenders. It exhibits a zeal for meting out justice that is entirely oblivious to the sometimes dire consequences to oneself or to the other faitheful——i.e., those who have not deviated.

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