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
Englisch

Bibliographic citation
Series: Research Report ; No. 2015-2

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Streufert, Peter A.
Event
Veröffentlichung
(who)
The University of Western Ontario, Department of Economics
(where)
London (Ontario)
(when)
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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