Repeated Games with Frequent Signals*
نویسندگان
چکیده
منابع مشابه
Repeated Games with Frequent Signals
We study repeated games with frequent actions and frequent imperfect public signals, where the signals are the aggregate of many discrete events, such as sales or tasks. The high-frequency limit of the equilibrium set depends on both the probability law governing the discrete events and on how many events are aggregated into a single signal. When the underlying events have a binomial distributi...
متن کاملRepeated Games with Frequent Signals∗ Drew Fudenberg
We study repeated games with frequent actions and frequent imperfect public signals, where the signals are aggregates of many discrete events, such as sales or tasks. The high-frequency limit of the equilibrium set depends both on the probability law governing the discrete events and on how many events are aggregated into a single signal. When the underlying events have a binomial distribution,...
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We study the existence of different notions of value in two-person zero-sum repeated games where the state evolves and players receive signals. We provide some examples showing that the limsup value (and the uniform value) may not exist in general. Then we show the existence of the value for any Borel payoff function if the players observe a public signal including the actions played. We also p...
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We consider a repeated game where at each stage players simultaneously choose one of two rooms. The players who choose the less crowded room are rewarded with one euro. The players in the same room do not recognize each other, and between the stages only the current majority room is publicly announced, hence the game has imperfect public monitoring. An undiscounted version of this game was cons...
متن کاملOn the values of repeated games with signals
We study the existence of different notions of values in two-person zero-sum repeated games where the state evolves and players receive signals. We provide some examples showing that the limsup value and the uniform value may not exist in general. Then, we show the existence of the value for any Borel payoff function if the players observe a public signal including the actions played. We prove ...
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ژورنال
عنوان ژورنال: Quarterly Journal of Economics
سال: 2009
ISSN: 0033-5533,1531-4650
DOI: 10.1162/qjec.2009.124.1.233