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Perfect Information Games where Each Player Acts Only Once

Author

Listed:
  • Cingiz, Kutay

    (General Economics 0 (Onderwijs))

  • Flesch, Janos

    (QE / Mathematical economics and game the)

  • Herings, P. Jean-Jacques

    (General Economics 1 (Micro))

  • Predtetchinski, Arkadi

    (General Economics 1 (Micro))

Abstract

We study perfect information games played by an infinite sequence of players, each acting only once in the course of the game. We introduce a class of frequency-based minority games and show that these games admit no subgame perfect ϵ-equilibrium for small positive values of ϵ. Furthermore we derive a number of sufficient conditions to guarantee existence of subgame perfect ϵ-equilibrium.

Suggested Citation

  • Cingiz, Kutay & Flesch, Janos & Herings, P. Jean-Jacques & Predtetchinski, Arkadi, 2016. "Perfect Information Games where Each Player Acts Only Once," Research Memorandum 036, Maastricht University, Graduate School of Business and Economics (GSBE).
  • Handle: RePEc:unm:umagsb:2016036
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    File URL: https://cris.maastrichtuniversity.nl/portal/files/5676862/content
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    References listed on IDEAS

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    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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