Repeated Game
(Redirected from Iterative Game)
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A Repeated Game is an is an game which consists in some number of repetitions of some stage game.
- AKA: Iterated Game.
- Context:
- It can range from being a Finite Repeated Game to being an Infinite Repeated Game.
- It can range from being a Complete Information Repeated Game to being an Incomplete Information Repeated Game.
- See: Sequential Game, Player Reputation, Iterative Algorithm, Repeated Game Strategy.
References
2013
- http://en.wikipedia.org/wiki/Repeated_game
- In game theory, a repeated game (supergame 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 idea that a player will have to take into account the impact of his current action on the future actions of other players; this is sometimes called his reputation. The presence of different equilibrium properties is because the threat of retaliation is real, since one will play the game again with the same person. It can be proved that every strategy that has a payoff greater than the minmax payoff can be a Nash Equilibrium, which is a very large set of strategies. Single stage game or single shot game are names for non-repeated games.