Repeated games with \(M\)-period bounded memory (pure strategies) (Q1300377): Difference between revisions

From MaRDI portal
RedirectionBot (talk | contribs)
Changed an Item
Import240304020342 (talk | contribs)
Set profile property.
Property / MaRDI profile type
 
Property / MaRDI profile type: MaRDI publication profile / rank
 
Normal rank

Revision as of 02:51, 5 March 2024

scientific article
Language Label Description Also known as
English
Repeated games with \(M\)-period bounded memory (pure strategies)
scientific article

    Statements

    Repeated games with \(M\)-period bounded memory (pure strategies) (English)
    0 references
    0 references
    19 November 2001
    0 references
    The author formulates and establishes (i) sufficiency conditions for stationary equilibria, (ii) sufficiency conditions for nonstationary \(M\)-memory subgame perfect equilibrium (SPE), and (iii) necessary conditions for \(M\)-memory SPE. In other words, this paper provides a characterization for the set of \(M\)-period memory pure SPE strategies, when the set of actions is finite. The results indicate that the size of SPE set expands very fast as the memory increases, and expands slowly as the action spaces expands.
    0 references
    repeated games
    0 references
    bounded rationality
    0 references
    memory
    0 references

    Identifiers