The Ultimate Payoff

The ultimate payoff.

A C S s I write this we are just entering the holiday season; you will e reading this in the midst of the holidays. This is traditionally time when thoughts become more philosophical than scienific. It often engenders contemplation of the actual importance f material things and what brings real happiness. I recently ad an interaction with a patient and his family that caused me o pause and cons...

"The ultimate diagnosis".

IN a short article in the British Medical Journal last year, a general practitioner recorded that one day the local postman said to him: "Doctor, most of those who pass away round here are patients of yours." It would certainly be true to say that many of those who have passed away in the Belmont area of Belfast during the past forty years were patients of mine, and this is a matter of mingled ...

The ultimate social network.

The ultimate anticoagulants?

When is the individually rational payoff in a repeated game equal to the minmax payoff?

We study the relationship between a player’s (stage game) minmax payoff and the individually rational payoff in repeated games with imperfect monitoring. We characterize the signal structures under which these two payoffs coincide for any payoff matrix. Under a full rank assumption, we further show that, if the monitoring structure of an infinitely repeated game ‘nearly’ satisfies this conditio...