On the Impossibility of an Exact Imperfect Monitoring Folk Theorem
Contribuinte(s) |
Araújo, Aloísio Pessoa de Carrasco, Vinícius Krishna, Vijay Maduro, Paulo Mas-Colell, Andreu Morris, Stephen |
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Data(s) |
15/05/2008
15/05/2008
29/06/2007
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Resumo |
It is shown that, for almost every two-player game with imperfect monitoring, the conclusions of the classical folk theorem are false. So, even though these games admit a well-known approximate folk theorem, an exact folk theorem may only be obtained for a measure zero set of games. A complete characterization of the efficient equilibria of almost every such game is also given, along with an inefficiency result on the imperfect monitoring prisoner s dilemma. |
Identificador | |
Palavras-Chave | #Teoria dos jogos |
Tipo |
Dissertation |