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Repeated games played by cryptographically sophisticated players

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  • GOSSNER, Olivier

    ()
    (Center for Operations Research and Econometrics (CORE), Université catholique de Louvain (UCL), Louvain la Neuve, Belgium)

Abstract

We explore the consequences of the assumptions used in modern cryptographywhen applied to repeated games with public communication. Technically speaking, we model agents by polynomial Turing machinesand assume the existence of a trapdoor function. Under these conditions, we prove a Folk Theorem in which the minmax level of players has to be taken in correlated strategies instead of mixed strategies..

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Bibliographic Info

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1998035.

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Date of creation: 01 Jun 1998
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Handle: RePEc:cor:louvco:1998035

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Related research

Keywords: repeated games; bounded rationality; correlation; Turing machines; cryptography;

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References

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  1. Robert J. Aumann & Lloyd S. Shapley, 2013. "Long Term Competition -- A Game-Theoretic Analysis," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 627-640, November.
  2. Rubinstein, Ariel, 1986. "Finite automata play the repeated prisoner's dilemma," Journal of Economic Theory, Elsevier, vol. 39(1), pages 83-96, June.
  3. Ben-Porath Elchanan, 1993. "Repeated Games with Finite Automata," Journal of Economic Theory, Elsevier, vol. 59(1), pages 17-32, February.
  4. Binmore, Ken, 1987. "Modeling Rational Players: Part I," Economics and Philosophy, Cambridge University Press, vol. 3(02), pages 179-214, October.
  5. Urbano, A. & Vila, J. E., 2004. "Unmediated communication in repeated games with imperfect monitoring," Games and Economic Behavior, Elsevier, vol. 46(1), pages 143-173, January.
  6. Forges, F., 1987. "Universal mechanisms," CORE Discussion Papers 1987004, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  7. Binmore, Ken, 1988. "Modeling Rational Players: Part II," Economics and Philosophy, Cambridge University Press, vol. 4(01), pages 9-55, April.
  8. Amparo Urbano & Penélope Hernández, 2001. "Communication And Automata," Working Papers. Serie AD 2001-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  9. Neyman, Abraham, 1985. "Bounded complexity justifies cooperation in the finitely repeated prisoners' dilemma," Economics Letters, Elsevier, vol. 19(3), pages 227-229.
  10. José E. Vila & Amparo Urbano Salvador, 1997. "Pre-play communication and coordination in two-player games," Working Papers. Serie AD 1997-26, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  11. José E. Vila & Amparo Urbano, 1999. "- Unmediated Talk Under Incomplete Information," Working Papers. Serie AD 1999-07, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
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Cited by:
  1. Gilad Bavly & Abraham Neyman, 2014. "Online Concealed Correlation and Bounded Rationality," Discussion Paper Series dp659, The Center for the Study of Rationality, Hebrew University, Jerusalem.
  2. O. Gossner, 2000. "Sharing a long secret in a few public words," THEMA Working Papers 2000-15, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  3. José E. Vila & Amparo Urbano, 1998. "- Unmediated Communication In Repeated Games With Imperfect Monitoring," Working Papers. Serie AD 1998-27, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  4. Gilad Bavly & Abraham Neyman, 2003. "Online Concealed Correlation by Boundedly Rational Players," Discussion Paper Series dp336, The Center for the Study of Rationality, Hebrew University, Jerusalem.
  5. Hubie Chen, 2013. "Bounded rationality, strategy simplification, and equilibrium," International Journal of Game Theory, Springer, vol. 42(3), pages 593-611, August.
  6. Hannu Vartiainen, 2009. "A Simple Model of Secure Public Communication," Theory and Decision, Springer, vol. 67(1), pages 101-122, July.

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