Publicação
One - Memory in Repeated Games
| dc.contributor.author | Barlo, Mehmet | |
| dc.contributor.author | Carmona, Guilherme | |
| dc.date.accessioned | 2019-10-01T14:55:03Z | |
| dc.date.available | 2019-10-01T14:55:03Z | |
| dc.date.issued | 2006-11-17 | |
| dc.description.abstract | We study the extent to which equilibrium payoffs of discounted repeated games can be obtained by 1 – memory strategies. First, we present robust examples of games in which there is a subgame perfect equilibrium payoff profile that cannot be obtained by any 1 – memory subgame perfect equilibrium. Then, a complete characterization of 1 – memory simple strategies is provided, and it is employed to establish the following in games with more than two players each having connected action spaces: 1. all subgame perfect equilibrium payoffs can be approximately supported by an ε – subgame perfect equilibrium strategy of 1 – memory, 2. all strictly enforceable subgame perfect equilibrium payoffs can be approximately supported by a 1 – memory subgame equilibrium, and 3. the subgame perfect Folk Theorem holds for 1 – memory strategies. While no further restrictions are needed for the third result to hold in 2 – player games, an additional restriction is needed for the first two: players must have common punishments. | pt_PT |
| dc.description.version | N/A | pt_PT |
| dc.identifier.citation | Barlo, Mehmet and Carmona, Guilherme, One - Memory in Repeated Games (November, 2006). FEUNL Working Paper Series No. 500 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/82858 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | no | pt_PT |
| dc.publisher | Nova SBE | pt_PT |
| dc.relation.ispartofseries | FEUNL Working Paper Series;500 | |
| dc.subject | Repeated Games | pt_PT |
| dc.subject | Memory | pt_PT |
| dc.subject | Bounded Rationality | pt_PT |
| dc.subject | Folk Theorem | pt_PT |
| dc.title | One - Memory in Repeated Games | pt_PT |
| dc.type | working paper | |
| dspace.entity.type | Publication | |
| person.familyName | Barlo | |
| person.familyName | Carmona | |
| person.givenName | Mehmet | |
| person.givenName | Guilherme | |
| person.identifier.orcid | 0000-0001-6871-5078 | |
| person.identifier.orcid | 0000-0002-3017-2415 | |
| person.identifier.scopus-author-id | 23396042200 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | workingPaper | pt_PT |
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