A new way of looking at repeated games is introduced which incorporates a bounded memory and rationality. In these terms, a resolution of the prisoner's dilemma is given.
MLA
Smale, Steve. “The Prisoner's Dilemma and Dynamical Systems Associated to Non-Cooperative Games.” Econometrica, vol. 48, .no 7, Econometric Society, 1980, pp. 1617-1634, https://www.jstor.org/stable/1911925
Chicago
Smale, Steve. “The Prisoner's Dilemma and Dynamical Systems Associated to Non-Cooperative Games.” Econometrica, 48, .no 7, (Econometric Society: 1980), 1617-1634. https://www.jstor.org/stable/1911925
APA
Smale, S. (1980). The Prisoner's Dilemma and Dynamical Systems Associated to Non-Cooperative Games. Econometrica, 48(7), 1617-1634. https://www.jstor.org/stable/1911925
We are deeply saddened by the passing of Kate Ho, the John L. Weinberg Professor of Economics and Business Policy at Princeton University and a Fellow of the Econometric Society. Kate was a brilliant IO economist and scholar whose impact on the profession will resonate for many years to come.
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