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We prove here the existence of a value (of norm 1) on the spaces ′N A and even ′A N, the closure in the variation distance of the linear space spanned by all games f∘μ, where μ is a non-atomic, non-negative finitely additive measure of mass 1 and f a real-valued function on [0,1] which...
Persistent link: https://www.econbiz.de/10005755638
We introduce a model of communication with dynamic state of nature. We rely on entropy as a measure of information, characterize the set of expected empirical distributions that are achievable. We present applications to games with and without common interests.Classification JEL : C61, C73, D82.
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Let G=<I,J,g> be a two-person zero-sum game. We examine the two-person zero-sum repeated game G(k,m) in which players 1 and 2 place down finite state automata with k,m states respectively and the payoff is the average per-stage payoff when the two automata face off. We are interested in the cases in...</i,j,g>
Persistent link: https://www.econbiz.de/10008495006
We study a repeated game with asymmetric information about a dynamic state of nature. In the course of the game, the better-informed player can communicate some or all of his information to the other. Our model covers costly and&sol;or bounded communication. We characterize the set of equilibrium...
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Let G = (I,J,g) be a two-person zero-sum game. We examine the two-person zero-sum repeated game G(k,m) in which player 1 and 2 place down finite state automata with k,m states respectively and the payoff is the average per stage payoff when the two automata face off. We are interested in the...
Persistent link: https://www.econbiz.de/10005596269
Persistent link: https://www.econbiz.de/10005598485