The Value of Two-Person Zero-Sum Repeated Games with Incomplete Information and Uncertain Duration

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Abstract:

It is known that the value of a zero-sum infinitely repeated game with incomplete information on both sides need not exist. It is proved that any number between the minmax and the maxmin of the zero-sum infinitely repeated game with incomplete information on both sides is the value of the long finitely repeated game where players' information about the uncertain number of repetitions is asymmetric.

See also: Repeated games
Last updated on 11/21/2016