A note on repeated games with non-monotonic value

Leeat Yariv

doi:10.1007/BF01295852

A note on repeated games with non-monotonic value

Research output: Contribution to journal › Article › peer-review

Abstract

We show that even when the information structure is independent of the state of nature, the value of the n-stage zero-sum game with incomplete information is not necessarily monotonic with respect to the length of the game. More precisely, we give an example of such an n-stage game in which V₁ > V₂ < V₃.

Original language	English (US)
Pages (from-to)	229-234
Number of pages	6
Journal	International Journal of Game Theory
Volume	26
Issue number	2
DOIs	https://doi.org/10.1007/BF01295852
State	Published - 1997
Externally published	Yes

All Science Journal Classification (ASJC) codes

Statistics and Probability
Mathematics (miscellaneous)
Social Sciences (miscellaneous)
Economics and Econometrics
Statistics, Probability and Uncertainty

Keywords

Imperfect monitoring
Repeated games with incomplete information
Value

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10.1007/BF01295852

Cite this

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AB - We show that even when the information structure is independent of the state of nature, the value of the n-stage zero-sum game with incomplete information is not necessarily monotonic with respect to the length of the game. More precisely, we give an example of such an n-stage game in which V1 > V2 < V3.

KW - Imperfect monitoring

KW - Repeated games with incomplete information

KW - Value

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A note on repeated games with non-monotonic value

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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