A note on repeated games with non-monotonic value

Research output: Contribution to journalArticle

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 languageEnglish (US)
Pages (from-to)229-234
Number of pages6
JournalInternational Journal of Game Theory
Volume26
Issue number2
DOIs
StatePublished - Jan 1 1997
Externally publishedYes

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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