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This paper studies situations in which agents do not initially know the effect of their decisions, but learn from experience the payoffs induced by their choices and their opponent's. We characterize equilibrium payoffs in terms of simple strategies in which an explanation phase is followed by a...
Persistent link: https://www.econbiz.de/10005669288
We introduce a procedure that uses basic typological charasteristics of equilibrium correspondences of standard equilibrium concepts, to define broad equivalence classes of finite generic games in normal form. The proposed procedure is viewed as a potentially useful way of both organizing the...
Persistent link: https://www.econbiz.de/10005779530
We explore the consequences of the assumptions used in modern cryptography when applied to repeated games with public communication. Technically speaking, we model agents by polynomial Turing machines and assume the existence of a trapdoor function. Under these conditions, we prove a Folk...
Persistent link: https://www.econbiz.de/10005634047