Arbeitspapier
The Classification of Continuation Probabilities
It is known that the only subgame perfect equilibrium for finitely repeated Prisoner's Dilemna games consists of "defecting" in every round. Finitely repeated games are only representative of a class of indefinitely repeated games where the sole subgame perfect equilibrium is noncooperative. This broader class of repeated games with "quasifinite" continuation probabilities is defined. A matrix inequality is recalled that when solved by a cooperation vector, induces a subgame perfect equilibrium. A condition for continuation probabilities indicates when this matrix inequality can be satisfied at equality by a cooperation vector. The associated strategy is a cooperative subgame perfect equilibrium.
- Language
-
Englisch
- Bibliographic citation
-
Series: Discussion Paper ; No. 1137
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Jones, Michael A.
- Event
-
Veröffentlichung
- (who)
-
Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
- (where)
-
Evanston, IL
- (when)
-
1995
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Jones, Michael A.
- Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
Time of origin
- 1995
Other Objects (12)
Variable selection bias in classification trees based on imprecise probabilities
Estimating Subjective Probabilities
Recession probabilities falling from the STARs
Text-based recession probabilities
Estimating probabilities of default
Re-employment probabilities over the business cycle
Tail Probabilities for Regression Estimators
Default probabilities and default correlations
Compliance with endogenous audit probabilities
Products of several relative probabilities
Flu shots, mammograms, and the perception of probabilities
The Condorcet Jury-Theorem with Two Independent Error-Probabilities
Variable selection bias in classification trees based on imprecise probabilities
Estimating Subjective Probabilities
Recession probabilities falling from the STARs
Text-based recession probabilities
Estimating probabilities of default
Re-employment probabilities over the business cycle
Tail Probabilities for Regression Estimators
Default probabilities and default correlations
Compliance with endogenous audit probabilities
Products of several relative probabilities
Flu shots, mammograms, and the perception of probabilities
The Condorcet Jury-Theorem with Two Independent Error-Probabilities
Variable selection bias in classification trees based on imprecise probabilities
Estimating Subjective Probabilities
Recession probabilities falling from the STARs
Text-based recession probabilities
Estimating probabilities of default
Re-employment probabilities over the business cycle
Tail Probabilities for Regression Estimators
Default probabilities and default correlations
Compliance with endogenous audit probabilities
Products of several relative probabilities
Flu shots, mammograms, and the perception of probabilities