The value of two-person zero-sum repeated games with incomplete information and uncertain duration (Q662277): Difference between revisions
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scientific article
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English | The value of two-person zero-sum repeated games with incomplete information and uncertain duration |
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The value of two-person zero-sum repeated games with incomplete information and uncertain duration (English)
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22 February 2012
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This paper deals with a zero-sum repeated game with incomplete information. \textit{R. J. Aumann} and \textit{M. B. Maschler} [Repeated games with incomplete information. With the collaboration of Richard E. Stearns. Cambridge, MA: MIT Press. xviii, 342 p. (1995; Zbl 0972.91501)] have schown that such an infinitely repeated game need not possess a value. The main result states that any number between the minimax and the maxmin of the infinitely repeated game is the value of a certain finitely repeated game in which the information on a number of repetitions is asymmetric to players.
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repeated game
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incomplete information
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information structure
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