Strategic complexity in repeated extensive games

نویسنده

  • Nozomu Muto
چکیده

This paper studies a machine (finite automaton) game for a two-player extensive-form stage game. We introduce a new measure ofstrategic complexity called “multiple complexity”, which considers in-formation structure inside the stage games as well as the number ofstates of machines. In contrast to Piccione and Rubinstein (1993),we prove existence of non-static equilibria. In case of the sequencial-move prisoners’ dilemma game, there exists an equilibrium in whichcooperation is realized. References[1] Abreu, D., and Rubinstein, A. (1988). The Structure of Nash Equilibriumin Repeated Games with Finite Automata, Econometrica 56, 1259-1282.[2] Piccione, M., and Rubinstein, A. (1993). Finite Automata Play a Re-peated Extensive Game, Journal of Economic Theory 61, 160-168. ∗Presentation: 9:00-11:00, Oct. 22th, at 2006 semiannual meeting in autumn at Osakacity university, the Japanese Economic Association.†Graduate School of Economics, Hitotsubashi University. email: [email protected]

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عنوان ژورنال:
  • Games and Economic Behavior

دوره 83  شماره 

صفحات  -

تاریخ انتشار 2014