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Trudy Instituta Matematiki i Mekhaniki UrO RAN, 2011, Volume 17, Number 1, Pages 201–216
(Mi timm683)
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Equilibrium behaviors of the players in an infinitely repeated $2\times2$ $\varepsilon$-best response game
A. V. Raigorodskaya M. V. Lomonosov Moscow State University, Faculty of Computational Mathematics and Cybernetics
Abstract:
A stochastic infinitely repeated $\varepsilon$-best response game is analyzed, in which a $2\times2$ bimatrix game is played sequentially in an infinite number of rounds. The limits of the players' expected average gains in the first $n$ rounds of the game as $n\to\infty$ are calculated. These limits are taken as the players' expected average gains in the infinitely repeated $\varepsilon$-best response game. The players' Nash-equilibrium behaviors are described. It is shown that the players' equilibrium gains exceed their gains in the deterministic best-response game.
Keywords:
repeated games, bimatrix games, best response.
Received: 01.12.2010
Citation:
A. V. Raigorodskaya, “Equilibrium behaviors of the players in an infinitely repeated $2\times2$ $\varepsilon$-best response game”, Trudy Inst. Mat. i Mekh. UrO RAN, 17, no. 1, 2011, 201–216
Linking options:
https://www.mathnet.ru/eng/timm683 https://www.mathnet.ru/eng/timm/v17/i1/p201
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Abstract page: | 340 | Full-text PDF : | 113 | References: | 56 |
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