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We study the existence of correlated equilibrium payoff in stochastic games. The correlation devices that we use are either autonomous (they base their choice of signal on previous signals, but not on previous states or actions) or stationary (their choice is independent of any data, and is...
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A player's strategy, for an n-person infinitely repeated game with discounting, is subjectively rational if it is a best response to his individual beliefs regarding opponents' strategies. A vector of such strategies is a subjective equilibrium if the play induced by it is realization equivalent...
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We deal with the concept of e-consistent equilibrium which corresponds to strategies inducing an e-equilbrium in any subgame reached along the play path. Examples and existence conditions are given.
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At a private-beliefs equilibrium of an n-person infinitely repeated game with discounting, each player maximizes his expected payoff relative to some private, possibly false, belief regarding the strategies chosen by his opponents. Moreover, the probability distribution induced over the observed...
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Each of n players, in an infinitely repeated game, starts with subjective beliefs about his opponents' strategies. If the individual beliefs are compatible with the true strategies chose, then Bayesian updating will lead in the long run to accurate prediction of the future of play of the game....
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Two players are about to play a discounted infinitely repeated bimatrix game. Each player knows his own payoff matrix and chooses a strategy which is a best response to some private beliefs over strategies chosen by his opponent. If both players' beliefs contain a grain of truth (each assigns...
Persistent link: https://www.econbiz.de/10005588640