Econ 618 Simultaneous Move Bayesian Games
نویسنده
چکیده
A game of incomplete information or a Bayesian game is a game in which players do not have full information about each others payoffs. In a strategic situation where a player’s payoff depends on what actions his rivals will take, this poses a problem because a player does not know which game is being played. There are several reasons why players may not have full information about each others’payoffs. In other words, the term Bayesian games include a wide variety of incomplete information situations. Two scenarios that are most common in applications are described below.
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