COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
AT YALE UNIVERSITY

Box 208281
New Haven, CT 06520-8281

COWLES FOUNDATION DISCUSSION PAPER NO. 777

"On Finitely Repeated Games and Pseudo-Nash Equilibria"

Chien fu Chou and John Geanakoplos

October 1985

In this paper we propose a pseudo-Nash equilibrium for N-person games in which very simply we allow play in the last period to be arbitrary, but otherwise it must conform to the (perfect) Nash optimality criterion.

JEL Classification: 026

Keywords: Pseudo-Nash equilibrium, arbitrary last period play, overlapping generations economies, Radner’s definition, "crazy equilibrium"