A belief-based approach to the repeated prisoners' dilemma with asymmetric private monitoring
نویسندگان
چکیده
منابع مشابه
A belief-based approach to the repeated prisoners' dilemma with asymmetric private monitoring
The belief-based approach for repeated games with private monitoring studies an important class of strategies where at each point of the game, each players optimal continuation strategy is determined by the players beliefs of the private state of the opponents. This paper extends the belief-based approach to the repeated prisonersdilemma with asymmetric private monitoring. We rst nd that t...
متن کاملA Belief-Based Approach to the Repeated Prisoners' Dilemma with Asymmetric Private Monitoring1
This paper extends the belief-based approach to repeated prisoners' dilemma with asymmetric private monitoring. We rst nd that the previous belief-based techniques (Sekiguchi (1997), Bhaskar and Obara (2002)) cannot succeed when players' private monitoring technologies are su ciently di erent. We then modify the previous belief-based approach by letting the player with smaller observation error...
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We analyze in...nitely repeated prisoners’ dilemma games with imperfect private monitoring, and construct sequential equilibria where strategies are measurable with respect to players’ beliefs regarding their opponents’ continuation strategies. We show that, when monitoring is almost perfect, the symmetric e¢cient outcome can be approximated in any prisoners’ dilemma game, while every individua...
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We analyze the infinitely repeated prisoners’ dilemma with imperfect private monitoring. The efficient outome can be approximated in any prisoners’ dilemma game, while every individually rational feasible payoff can be approximated in a class of prisoner dilemma games. Our results require that monitoring be sufficiently accurate but do not require very low discounting.
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This paper studies the repeated prisoners’ dilemma with private monitoring for arbitrary number of players. It is shown that a mixture of a grim trigger strategy and permanent defection can achieve an almost e¢cient outcome for some range of discount factors if private monitoring is almost perfect and symmetric, and if the number of players is large. This approximate e¢cieicny result also holds...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2010
ISSN: 0022-0531
DOI: 10.1016/j.jet.2009.05.006