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On the role of chance moves and information in two-person games

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  • Marcel Dreef

    ()

  • Peter Borm

    ()

Abstract

The value of information has been the subject of many studies in a strategic context.The central question in these studies is how valuable the information hidden in the chance moves of a game is for one or more of the players.Generally speaking, only the extra possibilities that are beneficial for the players have been considered so far.In this note we study the value of information for a special class of two-person games.For these games we also investigate how badly the players can do, both with and without knowing the result of the chance move. In this way one can determine to what extent the players are restricted in their possibilities by the fact that some information is hidden in the chance moves of the games.This allows for a comparison of the influence of the chance move to the control that the players have over the game result.

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File URL: http://hdl.handle.net/10.1007/BF02579003
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Bibliographic Info

Article provided by Springer in its journal Top.

Volume (Year): 14 (2006)
Issue (Month): 1 (June)
Pages: 75-98

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Handle: RePEc:spr:topjnl:v:14:y:2006:i:1:p:75-98

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Related research

Keywords: Games with almost perfect information; value of information; player control; 91A10;

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  1. Borm, P.E.M. & Genugten, B.B. van der, 2001. "On a relative measure of skill for games with chance elements," Open Access publications from Tilburg University urn:nbn:nl:ui:12-88286, Tilburg University.
  2. Dreef, M.R.M. & Borm, P.E.M. & Genugten, B.B. van der, 2004. "A new relative skill measure for games with chance elements," Open Access publications from Tilburg University urn:nbn:nl:ui:12-140730, Tilburg University.
  3. J. A. K., 1985. "Introduction," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 7(4), pages 504-507, July.
  4. Borm, P.E.M., 1988. "Information types: A comparison," Open Access publications from Tilburg University urn:nbn:nl:ui:12-146572, Tilburg University.
  5. Jean-Pierre Ponssard, 1976. "On the Concept of the Value of Information in Competitive Situations," Management Science, INFORMS, vol. 22(7), pages 739-747, March.
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