UCL logo

UCL Discovery

UCL home » Library Services » Electronic resources » UCL Discovery

Limited horizon forecast in repeated alternate games

Jehiel, P.; (1995) Limited horizon forecast in repeated alternate games. Journal of Economic Theory , 67 (2) pp. 497-519. 10.1006/jeth.1995.1082.

Full text not available from this repository.


In two-player infinite-horizon alternating-move games, a limited forecast (n1, n2)-equilibrium is such that (1) player i chooses actions according to his ni-length forecasts so as to maximise the average payoff over the forthcoming ni periods, and (2) players′ equilibrium forecasts are correct. With finite action spaces, (n1, n2)-solutions always exist and are cyclical, and the memory capacity of the players has no influence on the set of solutions. A solution is hyperstable if it is an (n1, n2)-solution for all n1, n2 sufficiently large. Hyperstable solutions are shown to exist and are characterized for generic repeated alternate-move 2×2 games.

Title:Limited horizon forecast in repeated alternate games
Publisher version:http://dx.doi.org/10.1006/jeth.1995.1082
UCL classification:UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics

Archive Staff Only: edit this record