Information Patterns and Nash Equilibria in Extensive Games
YALE UNIV NEW HAVEN CT COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
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In this paper the authors explore the relation between information patterns and Nash Equilibria in extensive games. By information they mean what players know about moves made by others, as well as by chance. For the most part the paper focuses on pure strategies. But in Section 7 behavioral strategies are also examined. It turns out that these can be modeled as pure strategies of an approximately enlarged game. The results, applied to the enlarged game, can then be reinterpreted in terms of the behavioral strategies of the original game.
- Theoretical Mathematics