Equilibrium Selection in Stochastic Games
In this paper a selection theory for stochastic games is developed. The theory itself is based on the ideas of Harsanyi and Selton to select equilibria for games in standard form. We introduce several possible definitions for the stochastic tracing procedure, an extension of the linear tracing procedure to the class of stochastic games. We analyze the properties of these alternative definitions. We show that exactly one of the proposed extensions ois consistent with the formulation of Harsanyi-Selten for games in standard form and captures stationarity.
(This abstract was borrowed from another version of this item.)
|Date of creation:||12 Nov 2001|
|Date of revision:|
|Note:||Type of Document - pdf.format; pages: 22 ; figures: i|
|Contact details of provider:|| Web page: http://22.214.171.124|
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpga:0205002. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA)
If references are entirely missing, you can add them using this form.