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Player type distributions as state variables and information revelation in zero sum repeated games with discounting
Bergin, James
This paper examines the role of the player type distributions in repeated zero sum games of incomplete information with discounting of payoffs. In particular the strategic "sufficiency" of the posterior distributions for histories and the Limiting properties of the posterior sequence are discussed. It is shown that differentiability of the value function is sufficient to allow the posteriors to serve as "state" variables for histories. The limiting properties of the posterior distributions are considered and a characterization given of the set of possible limit points of the posterior distribution. This characterization is given in terms of the "value" of information in the one-stage game.
Keyword(s): Discounted payoffs; Incomplete information; Zero-sum games; Distribution (Probability theory); Game theory; Probabilities
Publication Date:
2008
Type: Journal article
Peer-Reviewed: Unknown
Language(s): English
Institution: University College Dublin
Publisher(s): Institute for Operations Research and the Management Sciences (INFORMS)
File Format(s): other; application/pdf
First Indexed: 2012-08-25 05:24:19 Last Updated: 2018-10-11 15:49:33