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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.
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.
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