infinitely repeated game
1Repeated game — In game theory, a repeated game (or iterated game) is an extensive form game which consists in some number of repetitions of some base game (called a stage game). The stage game is usually one of the well studied 2 person games. It captures the… …
2Game theory — is a branch of applied mathematics that is used in the social sciences (most notably economics), biology, engineering, political science, computer science (mainly for artificial intelligence), and philosophy. Game theory attempts to… …
3Folk theorem (game theory) — infobox equilibrium name= Folk theorem subsetof = Minimax, Nash Equilibrium discoverer = various, notably Ariel Rubinstein usedfor = Infinitely repeated games example = Repeated prisoner s dilemma In game theory, folk theorems are a class of… …
4game theory — a mathematical theory that deals with strategies for maximizing gains and minimizing losses within prescribed constraints, as the rules of a card game: widely applied in the solution of various decision making problems, as those of military… …
5Strategy (game theory) — In game theory, a player s strategy in a game is a complete plan of action for whatever situation might arise; this fully determines the player s behaviour. A player s strategy will determine the action the player will take at any stage of the… …
6Stochastic game — In game theory, a stochastic game is a dynamic, competitive game with probabilistic transitions played by one or more players. The game is played in a sequence of stages. At the beginning of each stage the game is in some state. The players… …
7Nobel Prizes — ▪ 2009 Introduction Prize for Peace The 2008 Nobel Prize for Peace was awarded to Martti Ahtisaari, former president (1994–2000) of Finland, for his work over more than 30 years in settling international disputes, many involving ethnic,… …
8Arrow's impossibility theorem — In social choice theory, Arrow’s impossibility theorem, the General Possibility Theorem, or Arrow’s paradox, states that, when voters have three or more distinct alternatives (options), no voting system can convert the ranked preferences of… …
9Aumann, Robert J. — ▪ Israeli mathematician born June 8, 1930, Frankfurt am Main, Ger. Israeli mathematician, who shared the 2005 Nobel Prize for Economics with Thomas C. Schelling (Schelling, Thomas C.). Aumann s primary contribution to economics involved the …
10Tragedy of the commons — Cows on Selsley Common. The tragedy of the commons is one way of accounting for overexploitation. The tragedy of the commons is a dilemma arising from the situation in which multiple individuals, acting independently and rationally consulting… …
