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.

Sprache
Englisch

Erschienen in
Series: Research Report ; No. 2015-2

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Streufert, Peter A.
Ereignis
Veröffentlichung
(wer)
The University of Western Ontario, Department of Economics
(wo)
London (Ontario)
(wann)
2015

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Streufert, Peter A.
  • The University of Western Ontario, Department of Economics

Entstanden

  • 2015

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