Perfect equilibria in stochastic games (Q915663)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Perfect equilibria in stochastic games |
scientific article |
Statements
Perfect equilibria in stochastic games (English)
0 references
1991
0 references
We examine stochastic games with finite state and action spaces. For the \(\beta\)-discounted case, as well as for the irreducible limiting average case, we show the existence of trembling-hand perfect equilibria and give characterizations of those equilibria. In the final section, we give an example which illustrates that the existence of stationary limiting average equilibria in a nonirreducible stochastic game, does not imply the existence of a perfect limiting average equilibrium.
0 references
finite state and action spaces
0 references
\(\beta \) -discounted case
0 references
irreducible limiting average case
0 references
trembling-hand perfect equilibria
0 references