The general message of the folk theorems is that
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

Folk theorems suggest that in repeated games, a wide range of payoff outcomes, including those that are more favorable than Nash equilibria, can be sustained as equilibria.

The General Message of the Folk Theorems Is That