Abstract

We apply the one-sided better reply dynamic and the idea of pure strategy profile improvement path to discounted, infinitely repeated pure coordination games (games with common payoffs). If the stage game is finite, starting from any finite complexity repeated game strategy profile, such improvement paths must exist and must be finite. Furthermore, maximal improvement paths always terminate in pure strategy subgame perfect Nash equilibria of the repeated game. Related to this, we conclude with some observations on infinitely repeated infinite pure coordination games.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.