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The Value Of Two-Person Zero-Sum Repeated Games with Incomplete Information and Uncertain Duration

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Author Info
Abraham Neyman

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Abstract

It is known that the value of a zero-sum infinitely repeated game with incomplete information on both sides need not exist [Aumann Maschler 95]. It is proved that any number between the minmax and the maxmin of the zero-sum infinitely repeated game with incomplete information on both sides is the value of the long finitely repeated game where players' information about the uncertain number of repetitions is asymmetric.

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Publisher Info
Paper provided by Center for Rationality and Interactive Decision Theory, Hebrew University, Jerusalem in its series Discussion Paper Series with number dp512.

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Length: 17 pages
Date of creation: May 2009
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Handle: RePEc:huj:dispap:dp512

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  1. Abraham Neyman, 1999. "Cooperation in Repeated Games when the Number of Stages is Not Commonly Known," Econometrica, Econometric Society, vol. 67(1), pages 45-64, January.
  2. Abraham Neyman, 2009. "The Maximal Variation of Martingales of Probabilities and Repeated Games with Incomplete Information," Discussion Paper Series dp510, Center for Rationality and Interactive Decision Theory, Hebrew University, Jerusalem. [Downloadable!]
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This page was last updated on 2009-11-29.

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