waning crescent is the last phase of the moon.
waning crescent is the last phase of the moon.
what is the last phase of the moon?
waning crescent
the "oxford english dictionary" defines the new moon as "the first visible crescent of the moon, after conjunction with the sun". "dark moon" is a term used for a waning crescent moon. when the moon's orbit is divided into 30 segments, as the ancient greeks did in the time of homer, the babylonians did, and the indians still do today (calling them "tithi"), the last phase is called the "dark moon". in greek, it was called the "old moon" and associated with hecate. in india, it is called amavasya and associated with kali. both of these goddesses have a dark connotation, hence the term dark moon.
dark moon
bullet::::2. in the last phase, the players play the preferred equilibrium of each of the players in turn.









































in the last phase, no player deviates since the actions are already a basic-game equilibrium. if an agent deviates in the first phase, he can be punished by minmaxing him in the last phase. if the game is sufficiently long, the effect of the last phase is negligible, so the equilibrium payoff approaches the desired profile.









































section::::applications.









































folk theorems can be applied to a diverse number of fields. for example:
folk theorem (game theory)