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Games with Self-Generating Distributions.

In this paper I develop an N-person stochastic game in which each player views himself as facing a Markov decision process. Specifically, every player is assumed to choose his strategy as a policy which is optimal with respect to the process in question. It is clear that such a strategy need not be...

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Published in:Review of Economic Studies Vol. 48; no. 3; pp. 511 - 520
Main Author: Shefrin, H. M.
Format: Article
Published: Oxford University Press / USA Jul81
Subjects:
Stochastic processes
Games
Markov processes
Economic equilibrium
Game theory
Probability theory
Uncertainty
Online Access:View this record in EBSCOhost