Abstract
This paper deals with repeated games with incomplete information, where the uninformed player has complete knowledge of his own payoffs. This is a specific case of Hart′s model. We provide a characterization of the set of equilibrium payoffs, which is simpler than that of the general case, and prove the existence of an equilibrium. In addition, we show by example how arbitrarily small doubts about the payoff matrices can radically alter the set of equilibrium payoffs. In particular, we partially characterize how a player can increase his minimum equilibrium payoff by sowing doubt about his payoffs. Journal of Economic Literature Classification Number: C72.
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