"Repetition acts as an enforcement mechanism: It makes cooperation achievable when it is not achievable in the one-shot game, even when one replaces strategic equilibrium as the criterion for achievability by the more stringent requirement of perfect equilibrium."

--

Source : "War and peace". Robert J. Aumann's Nobel Prize Lecture, December 8, 2005.

Robert Aumann

#Games Quotes #Perfect Quotes #Enforcement Quotes

“We all have direct experience with things that do or don't make us happy, we all have friends, therapists, cabdrivers, and talk-show hosts who tell us about things that will or won't make us happy, and yet, despite all this practice and all this coaching, our search for happiness often culminates in a stinky mess. We expect the next car, the next house, or the next promotion to make us happy even though the last ones didn't and even though others keep telling us that the next ones won't.”

Source : Daniel Gilbert (2006). “Stumbling on Happiness”, p.196, Vintage
“I almost wish I could be more exciting, that I could match what is happening out there to me.”
“As we grow older, the world becomes stranger, the pattern more complicated of dead and living.”
“Dare to reach out your hand into the darkness, to pull another hand into the light.”
“I can sell anything to anyone. That is actually my superpower. I am really good at negotiating and persuading.”
“The Queen is most anxious to enlist everyone in checking this mad, wicked folly of 'Women's Rights'. It is a subject which makes the Queen so furious that she cannot contain herself.”
“Computers no longer interface with humans--they interact, and the interaction will become steadily deeper, more subtle, and more crucial to our collective sanity and ultimate survival.”
“Great inventions are never, and great discoveries are seldom, the work of any one mind. Every great invention is really an aggregation of minor inventions, or the final step of a progression. It is not usually a creation, but a growth, as truly so as is the growth of the trees in the forest.”

Source : "The Growth of the Steam Engine". Popular Science, Volume 12, No. 1, p. 11, November 1877.

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