The general message of the folk theorems is:
A)Nash equilibria may not be sustainable over many replications of a game.
B)payoffs that are unambiguously preferred to Nash equilibria may be sustainable over many replications of a game.
C)credible threats may inhibit the achievement of mutually beneficial outcomes over many replications of a game.
D)just plain folk play the best games.

Question

Quizplus · Accepted Answer

The folk theorems in game theory suggest that in repeated games, a wide variety of outcomes can be sustained as equilibria, including those that may be more preferred by the players than the outcomes predicted by one-shot Nash equilibria. This is because players can use strategies over multiple rounds to enforce cooperative behavior, leading to potentially better outcomes for all involved.

The General Message of the Folk Theorems Is