Abstract
For a general class of games with private monitoring we show for any finite state strategy (or automaton strategy) with Di states for players i∈{1,..., N}, if there exists a number of periods t such that it is possible on-path to reach any joint state from any joint state in t periods, the strategy is a strict correlated equilibrium only if each player's strategy is a function only of what the player observes in the last Di-1 periods.
Original language | English (US) |
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Pages (from-to) | 162-170 |
Number of pages | 9 |
Journal | Games and Economic Behavior |
Volume | 90 |
DOIs | |
State | Published - Mar 1 2015 |
Bibliographical note
Publisher Copyright:© 2015 Elsevier Inc.
Keywords
- Private monitoring
- Repeated games