Arbeitspapier
Concisely specifying choices in an outcome-set form
Von Neumann and Morgenstern (1944) specify both nodes and choices as sets of outcomes. This outcome-set formulation is extended to the infinite horizon by the discrete extensive forms of Alós-Ferrer and Ritzberger (2013). I propose to restrict such outcome-set forms with a new assumption called "conciseness". Conciseness requires that choices be defined in an economical fashion. I find broad classes of infinite horizon forms that violate conciseness. Yet, I show that every outcome-set form can be equivalently re-defined so as to satisfy conciseness. Thus the assumption of conciseness can increase mathematical tractability at no cost to game theorists.
- Language
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Englisch
- Bibliographic citation
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Series: Research Report ; No. 2015-2
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Streufert, Peter A.
- Event
-
Veröffentlichung
- (who)
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The University of Western Ontario, Department of Economics
- (where)
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London (Ontario)
- (when)
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2015
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Streufert, Peter A.
- The University of Western Ontario, Department of Economics
Time of origin
- 2015
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