Mathematics of Operations Research, Vol. 24, No. 1 (Feb., 1999), pp. 204-218 (15 pages) Two players engage in a repeated game with incomplete information on one side, where the underlying stage-games ...

This is a preview. Log in through your library . Abstract Four kinds of correlated equilibrium payoff sets in undiscounted repeated games with nonobservable actions are studied. Three of them, the ...

Social dilemmas occur when individual desires clash with group needs. How can people be encouraged to cooperate when they have reason not to? Scientists show that if the social dilemma that ...

Fudenberg, Drew, Yuhta Ishii, and Scott Duke Kominers. "Delayed-Response Strategies in Repeated Games with Observation Lags." Journal of Economic Theory 150 (March 2014): 487–514.

Repeated games are a core concept in game theory, modeling how players adjust their strategies over time based on past outcomes. A key question is: How much memory does a player truly need to succeed?

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...