Perfect information games where each player acts only once

Kutay Cingiz; János Flesch; P.J.J. Herings; Arkadi Predtetchinski

doi:10.1007/s00199-019-01199-3

Perfect information games where each player acts only once

Kutay Cingiz, János Flesch, P.J.J. Herings^*, Arkadi Predtetchinski

^*Corresponding author for this work

Research output: Contribution to journal › Article › Scientific › peer-review

2 Citations (Scopus)

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 have no subgame perfect ϵ-equilibrium for any ϵ sufficiently small. Furthermore, we present a number of sufficient conditions to guarantee existence of subgame perfect ϵ-equilibrium.

Original language	English
Pages (from-to)	965-985
Number of pages	21
Journal	Economic Theory
Volume	69
Issue number	4
DOIs	https://doi.org/10.1007/s00199-019-01199-3
Publication status	Published - 1 Jun 2020
Externally published	Yes

Keywords

Infinitely many players
Minority games
Subgame perfect ϵ-equilibria
Upper semicontinuous functions

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10.1007/s00199-019-01199-3

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AB - 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 have no subgame perfect ϵ-equilibrium for any ϵ sufficiently small. Furthermore, we present a number of sufficient conditions to guarantee existence of subgame perfect ϵ-equilibrium.

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KW - Minority games

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KW - Upper semicontinuous functions

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Perfect information games where each player acts only once

Abstract

Keywords

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